LTC/USDT – 30M – SELL

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

A bearish descent down to the next support line at 52.96 is expected.

Caution: A possible change in the direction of resistance at 55.13 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Bearish Engulfing’ chart pattern is detected. The candles show ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

55.13 – 55.49 – 55.88 – 52.96 – 52.36 – 53.65 —
53.520000000 – 53.510000000 —
32.989783380385 – 36.290958526421 —
– —
55.13 – 1770667200

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing – Double top chart pattern – –