LTC/USDT – 30M – SELL

The combination Litecoin/Tether (LTC/USDT) jumps from the bullish trendline down.

The bearish trend down to the next support at 115.610000000 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 124.030000000 could happen.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 116.87488 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support zone at 124.030000000 could happen.
Consider stop-loss settings accordingly.

There is also a ‘Bearish Engulfing’ candlestick pattern is existing. The chart shows ‘Bearish Engulfing’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

Download LTC/USDT Signal Image

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