LTC/USDT – 30M – SELL

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

The bearish trend downwards to the next support line at will continue.

Caution: A possible change in the direction of the resistance zone at 43.3 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The pair is likely to go down.

Then a ‘MACD crosses below signal’ indicator layout is detected. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 41.7 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 43.3 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Last Engulfing Bottom:’ chart pattern is discovered. The candles show ‘Last Engulfing Bottom:’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).

43.3 – 43.37 – 43.3 – 42.02 – 41.88 – 40.14 —
42.570000000 – 42.520000000 —
40.069661798473 – 45.122913936852 —
– —
43.3 – 1782702000

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Last Engulfing Bottom: – – –