LTC/USDT – 30M – SELL

Additionally a ‘Double top chart pattern’ chart layout is found. The formation shows ‘Double top chart pattern’. which is a negative chart scenario. The currency pair is likely to fall.

The currency pair Litecoin/Tether (LTC/USDT) goes from the bullish trendline downwards

The bearish trend down to the next support at 85.160000000 is expected.

Caution: A possible change in the direction of the resistance zone at 98.320000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Bearish Engulfing’ candlestick pattern is existing. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

98.320000000 – 96.580000000 – 88.280000000 – 94.520000000 – 85.160000000 – 85.970000000

Trading Signals: FOREX – LTC – LTC/USDT – USDT – Bearish Engulfing – Double top chart pattern