LTC/USDT – 1H – SELL

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

A continuation of the bearish trend down to the next support at 51.51 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 54.93 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles form ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

54.93 – 55.85 – 55.65 – 52.95 – 53.17 – 53.33 —
52.620000000 – 52.720000000 —
29.112699665869 – 45.573600463008 —
– —
54.93 – 1771426800

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