LTC/USDT – 30M – SELL

There is also a ‘Double top chart pattern’ chart layout is existing. The chart picture shows ‘Double top chart pattern’. which is a negative pattern signal. The currency pair is likely to fall.

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

A bearish movement downwards to the next support at 99.660000000 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 114.350000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘RSI fall below 30’ indicator layout is detected. The indicator is ‘RSI fall below 30’. which is often a bearish chart signal. The currency pair could go down.

There is also a ‘Last Engulfing Bottom:’ candle chart pattern is existing. The chart forms ‘Last Engulfing Bottom:’. which is a bearish pattern signal. The currency pair is likely to fall. 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).

114.350000000 – 122.290000000 – 119.860000000 – 108.890000000 – 112.800000000 – 112.590000000

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Last Engulfing Bottom: – Double top chart pattern –