LTC/USDT – 1H – SELL

The currency pair Litecoin/Tether (LTC/USDT) jumps from the bullish trendline downwards

A descending movement down to the next support level at 54.81 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 55.71 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

There is also a ‘Bearish Engulfing’ chart pattern is detected. The chart shows ‘Bearish Engulfing’. which is a bearish 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%.

55.27 – 54.76 – 55.71 – 54.81 – 53.78 – 52.66 —
55.730000000 – 55.370000000 —
64.457861000455 – 55.35407171322 —
– —
55.27 – 1776171600

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