LTC/USDT – 30M – SELL

The currency pair Litecoin/Tether (LTC/USDT) goes from the descending trendline downwards

A continuation of the downward movement downwards to the next support level at 51.39 is considered certain.

Caution: A possible change in the direction of resistance at 52.330000000 should be noted.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair is likely to fall.

And also a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair could go down.

And also a ‘Bearish Engulfing’ chart pattern is detected. The chart forms ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

52.330000000 – 52.62 – 52.76 – 51.39 – 52.23 – 52.2 —
52.330000000 – 52.170000000 —
52.241194160114 – 51.198403878269 —
52.330000000 – 1780268400 —
– 1780268400

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