LTC/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support line at 106.580000000 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 115.000000000 should be noted.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair could go down.

Furthermore a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair could go down.

Furthermore a ‘Bearish Engulfing’ candlestick chart pattern is found. The chart shows ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

115.000000000 – 115.430000000 – 114.350000000 – 110.930000000 – 106.580000000 – 108.890000000 — 50.718425014917 – 48.218737548215

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing – Triple top chart pattern –