LTC/USDT – 30M – SELL

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 53.0738 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 54.64 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Bearish Engulfing’ candlestick pattern is found. The candles show ‘Bearish Engulfing’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

54.64 – 54.5 – 53.86 – 53.2 – 54 – 52.59 —
53.560000000 – 53.560000000 —
45.510580487037 – 52.483672964568 —
– —
54.64 – 1775466000

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