LTC/USDT – 4H – SELL

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

A descent down to the next support at 85.160000000 will persist.

Caution: A possible change in the direction of the resistance level at 98.320000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Bearish Engulfing’ candle chart pattern is discovered. The candles show ‘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 likelyhood of ‘Bearish Engulfing’ heading down is 79%.

98.320000000 – 92.290000000 – 86.050000000 – 85.160000000 – 84.750000000 – 83.550000000

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