LTC/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support at 56.87 will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 61.38 should be noted.
Consider stop-loss settings accordingly.

Also there is a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 59.125 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 61.38 should be noted.
Consider stop-loss settings accordingly.

Also there is a ‘Bearish Engulfing’ candlestick pattern is discovered. The chart forms ‘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 probability of ‘Bearish Engulfing’ going down is 79%.

61.38 – 60.46 – 60.49 – 56.87 – 59.35 – 58.94 —
60.580000000 – 60.450000000 —
54.003807688675 – 55.880297670663 —
– —
61.38 – 1770150600

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing – – –