LTC/USDT – 30M – SELLThe pair Litecoin/Tether (LTC/USDT) jumps from the ascending trendline downwards
A descending movement downwards to the next support level at 53.01 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 54.42 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Bearish Engulfing’ candle pattern is discovered. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 56.05 |
| 2nd High | 55.75 |
| Next High | 54.42 |
| Current Price | 54.030000000 |
| Next Low | 53.01 |
| 2nd Low | 51.88 |
| 3rd Low | 51.47 |
54.42 – 54.05 – 53.44 – 53.01 – 51.88 – 52.2 —
54.190000000 – 54.270000000 —
59.72249971604 – 55.333357869904 —
– —
54.42 – 1773063000
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing – – –