LTC/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 52.36 will continue.

Caution: A possible change in the direction of the resistance line at 53.71 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The pair is likely to go down.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The pair is likely to go down.

Moreover a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.

Moreover a ‘Last Engulfing Top’ candlestick pattern is existing. The candles show ‘Last Engulfing Top’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

53.71 – 53.86 – 55.13 – 52.85 – 52.84 – 52.96 —
52.110000000 – 52.620000000 —
33.542950437937 – 51.621007309553 —
– —
53.71 – 1770777000

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