LTC/USDT – 1H – SELL

The currency pair Litecoin/Tether (LTC/USDT) jumps from the descending trendline downwards

A continuation of the bearish trend downwards to the next support at 106.740000000 is certain.

Caution: A possible change in the direction of resistance at 115.470000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘RSI fall below 30’ indicator signal is existing. The indicator shows ‘RSI fall below 30’. which could be a negative signal. The currency pair is likely to fall.

And also a ‘Last Engulfing Top’ chart pattern is existing. The chart forms ‘Last Engulfing Top’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

115.470000000 – 115.470000000 – 116.380000000 – 106.740000000 – 109.330000000 – 108.180000000 — 51.88322930425 – 43.215395974683

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Last Engulfing Top – Triple top chart pattern –