LTC/USDT – 30M – SELL

The combination Litecoin/Tether (LTC/USDT) goes from the bearish trendline downwards

A continuation of the bearish trend down to the next support line at 43.1 is certain.

Caution: A possible change in the direction of the resistance zone at 43.86 could happen.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The pair is likely to go up.

And also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is certain. Current target is 43.33294 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support zone at 43.86 could happen.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Bearish Engulfing’ chart pattern is found. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

43.86 – 43.93 – 43.7 – 43.1 – 42.54 – 41.14 —
43.690000000 – 43.630000000 —
56.999129507825 – 55.472787867831 —
– —
43.86 – 1783042200

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