LTC/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 54.59 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 56.310000000 could happen.
Consider stop-loss settings accordingly.

Also there is a ‘Bearish Engulfing’ candlestick pattern is existing. 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 probability of ‘Bearish Engulfing’ going down is 79%.

56.310000000 – 55.95 – 56.35 – 54.59 – 54.84 – 55.3 —
56.310000000 – 55.510000000 —
64.451138353044 – 39.557509465804 —
56.310000000 – 1773993600 —
– 1773993600

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