LTC/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support level at 41.25 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 43.11 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair could go down.

Next a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles form ‘Bearish Engulfing’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

43.11 – 43.5 – 43.09 – 41.25 – 41.86 – 41.81 —
42.010000000 – 42.840000000 —
47.367113961241 – 64.365498419092 —
– —
43.11 – 1781098200

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