LTC/USDT – 30M – SELL

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

A bearish descent down to the next support level at 95.560000000 is likely expected.

Caution: A possible change in the direction of the resistance zone at 99.960000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Bearish Engulfing’ candle pattern is discovered. 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 success rate of a ‘Bearish Engulfing’ going down is 79%.

99.960000000 – 97.260000000 – 96.090000000 – 95.560000000 – 95.820000000 – 95.100000000

Trading Signals: FOREX – LTC – LTC/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern