LTC/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support line at 57.07 is considered certain.

Caution: A possible change in the direction of resistance at 61.38 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Bearish Engulfing’ candlestick chart pattern is detected. The chart shows ‘Bearish Engulfing’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

61.38 – 60.49 – 61.17 – 57.07 – 56.87 – 58.94 —
59.210000000 – 58.550000000 —
44.366768473357 – 40.621406587249 —
– —
61.38 – 1770148800

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