LTC/USDT – 4H – SELL

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

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

Caution: A possible trend reversal in the direction of resistance at 57.66 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair is likely to fall.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 52.26152 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 57.66 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Bearish Engulfing’ candle chart pattern is found. The chart shows ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

57.66 – 55.72 – 59 – 51.47 – 50.18 – 51.42 —
53.940000000 – 54.420000000 —
42.703395307431 – 50.59465175122 —
– —
57.66 – 1772640000

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –