LTC/USDT – 30M – SELLThe pair Litecoin/Tether (LTC/USDT) goes from the bearish trendline downwards
A continuation of the downtrend down to the next support at 44.41 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 46.07 should be noted.
Consider stop-loss settings accordingly.
Also there is a ‘Bearish Engulfing’ candlestick pattern is found. The candles show ‘Bearish Engulfing’. which is a bearish pattern signal. The pair is likely to go down. 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 | 46.92 |
| 2nd High | 46.36 |
| Next High | 46.07 |
| Current Price | 45.690000000 |
| Next Low | 44.41 |
| 2nd Low | 43.73 |
| 3rd Low | 43.56 |
46.07 – 46.36 – 45.99 – 44.41 – 45.3 – 44.77 —
45.850000000 – 45.720000000 —
54.055947920401 – 52.873209556874 —
– —
46.07 – 1781647200
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing – – –