LTC/USDT – 4H – SELL

The currency pair Litecoin/Tether (LTC/USDT) jumps from the bearish trendline downwards

A continuation of the downward movement down to the next support level at 51.88 will persist.

Caution: A possible trend reversal in the direction of resistance at 56.71 could happen.
Consider stop-loss settings accordingly.

Also there is a ‘Bearish Engulfing’ candlestick pattern is found. The chart forms ‘Bearish Engulfing’. this is a bearish chart scenario. The currency 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%.

56.71 – 57.66 – 55.72 – 51.88 – 51.47 – 50.18 —
55.780000000 – 55.460000000 —
60.667278440315 – 55.573389387961 —
– —
56.71 – 1773403200

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