LTC/USDT – 30M – SELL

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

A bearish descent down to the next support level at 99.460000000 will persist.

Caution: A possible change in the direction of the resistance level at 106.510000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 100.45 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 106.510000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Bearish Engulfing’ candle pattern is existing. The candles show ‘Bearish Engulfing’. which is a bearish pattern signal. The currency 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%.

Download LTC/USDT Signal Image

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