LTC/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support level at 54.9 is certain.

Caution: A possible counter-trend in the direction of resistance at 55.44 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Bearish Engulfing’ chart pattern is discovered. The candles form ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

55.44 – 55.71 – 56.03 – 55.05 – 55.13 – 55.28 —
55.410000000 – 55.070000000 —
54.687493427201 – 40.088121959071 —
– —
55.44 – 1777737600

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing – – –