LTC/USDT – 1H – SELL

The pair Litecoin/Tether (LTC/USDT) goes from the descending trendline down.

A continuation of the downtrend down to the next support level at 112.060000000 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 117.300000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.

Next a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Next a ‘Last Engulfing Top’ candlestick chart pattern is existing. The candles show ‘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 success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

117.300000000 – 119.130000000 – 123.200000000 – 112.060000000 – 112.110000000 – 115.290000000 — 46.720760493034 – 39.109932298265

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Last Engulfing Top – – –