LTC/USDT – 4H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 54.59 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 59 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Last Engulfing Bottom:’ candle chart pattern is discovered. The candles show ‘Last Engulfing Bottom:’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).

55.72 – 59 – 56.01 – 51.47 – 50.18 – 51.42 —
55.380000000 – 56.870000000 —
53.409843033458 – 55.874526287222 —
– —
55.72 – 1772467200

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Last Engulfing Bottom: – Symmetrical Triangle Chart Pattern – –