LTC/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support level at 117.500000000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 125.340000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Bearish Engulfing’ candlestick chart pattern is detected. The chart forms ‘Bearish Engulfing’. which 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’ going down is 79%.

Download LTC/USDT Signal Image

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