LTC/USDT – 30M – SELL

The currency pair Litecoin/Tether (LTC/USDT) moves from the bullish trendline downwards

A descending movement down to the next support at 43.56 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 46.92 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘MACD crosses below signal’ indicator signal is detected. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair could go down.

Moreover a ‘Bearish Engulfing’ candlestick pattern is detected. The candles show ‘Bearish Engulfing’. which is a negative signal. The 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%.

44.14 – 43.54 – 43.54 – 43.56 – 43.02 – 42.69 —
44.340000000 – 44.420000000 —
70.435556143213 – 64.882529603577 —
– —
44.14 – 1781364600

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