LTC/USDT – 1H – SELLThe currency pair Litecoin/Tether (LTC/USDT) goes from the bearish trendline down.
A continuation of the downtrend down to the next support line at 53.06 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 54.41 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘Bearish Engulfing’ chart pattern is existing. The chart shows ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 55.18 |
| 2nd High | 54.93 |
| Next High | 54.41 |
| Current Price | 53.840000000 |
| Next Low | 53.06 |
| 2nd Low | 52.22 |
| 3rd Low | 51.88 |
54.41 – 54.93 – 55.18 – 53.06 – 52.22 – 53.64 —
53.620000000 – 53.930000000 —
43.708549102558 – 54.075045468684 —
– —
54.41 – 1774857600
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing – – –