LTC/USDT – 1H – SELL

The combination Litecoin/Tether (LTC/USDT) moves from the bearish trendline down.

A continuation of the downward movement downwards to the next support at 75.26 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 80.970000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘%K fall below 80’ indicator layout is detected. The indicator shows ‘%K fall below 80’. which is often a bearish chart signal. The currency pair could go down.

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

80.970000000 – 81.78 – 82.42 – 75.26 – 75.6 – 77.74 — 37.95803935847 – 35.142514511275 — 2.6758727520024 – 0.69444444444445 – 3.8058885922344 – 2.5804045695991

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