LTC/USDT – 1H – SELLThe combination Litecoin/Tether (LTC/USDT) goes from the bullish trendline down.
A descending movement downwards to the next support line at 44.77 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 46.290000000 could happen.
Consider stop-loss settings accordingly.
Besides a ‘Last Engulfing Bottom:’ candlestick chart pattern is detected. The chart shows ‘Last Engulfing Bottom:’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 46.290000000 |
| Current Price | 45.650000000 |
| Next Low | 44.77 |
| 2nd Low | 43.73 |
| 3rd Low | 42.19 |
46.290000000 – 44.69 – 43.54 – 44.77 – 43.73 – 42.19 —
46.290000000 – 45.800000000 —
71.002030976067 – 56.379443643812 —
46.290000000 – 1781528400 —
– 1781528400
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Last Engulfing Bottom: – Rising Wedge Chart Pattern – –