LTC/USDT – 30M – SELL

The currency pair Litecoin/Tether (LTC/USDT) moves from the ascending trendline down.

The bearish trend down to the next support line at 120.100000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 123.880000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘StochRSI fall below 80’ indicator layout is discovered. The indicator is ‘StochRSI fall below 80’. which is often a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Moreover a ‘Bearish Engulfing’ candle pattern is detected. The candles show ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

123.880000000 – 122.750000000 – 126.350000000 – 120.100000000 – 120.900000000 – 122.830000000 — 44.992688029551 – 41.480293524075

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