LTC/USDT – 1H – SELL

Furthermore a ‘Double bottom retreat down’ chart layout is discovered. The formation shows ‘Double bottom retreat down’. which is a bearish signal. The currency pair is likely to go down.

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

A descending movement down to the next support line at 113.400000000 will persist.

Caution: A possible change in the direction of resistance at 115.310000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Bearish Engulfing’ chart pattern is existing. The chart shows ‘Bearish Engulfing’. 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 ‘Bearish Engulfing’ going down is 79%.

115.310000000 – 119.470000000 – 118.120000000 – 113.400000000 – 113.370000000 – 113.130000000 — 59.712796416344 – 53.874685530204

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing – Double bottom retreat down – –