LTC/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support at 106.700000000 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 111.350000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles form ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

111.350000000 – 112.660000000 – 124.770000000 – 106.700000000 – 110.510000000 – 118.280000000 — 53.799837164857 – 47.363058410571

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