LTC/USDT – 1H – SELL

The currency pair Litecoin/Tether (LTC/USDT) moves from the ascending trendline downwards

A descent down to the next support at 81.44 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 84.57 could occur.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘%K crosses below %D’ indicator signal is existing. The indicator shows ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair is likely to fall.

In addition a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is certain. Current target is 82.75314 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 84.57 could occur.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Bearish Engulfing’ candle pattern is discovered. The candles form ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

84.57 – 83.68 – 78.55 – 81.44 – 76.08 – 77.62 — 57.759782732109 – 51.617518612696 — 78.56602631977 – 53.161397670549 – 70.513277509159 – 68.821886008885

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing – Double bottom retreat down – –