LTC/USDT – 30M – SELL

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

The bearish trend downwards to the next support at 117.800000000 will persist.

Caution: A possible change in the direction of resistance at 120.830000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Next a ‘Bearish Engulfing’ candle pattern is existing. The chart shows ‘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’ heading down is 79%.

120.830000000 – 116.960000000 – 117.680000000 – 117.800000000 – 114.920000000 – 114.720000000 — 42.820657680128 – 36.550083455199

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