LTC/USDT – 30M – SELL

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

A bearish movement down to the next support line at 52.71 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 89.030000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.

Next a ‘Bearish Engulfing’ candle chart pattern is found. The candles form ‘Bearish Engulfing’. which is a bearish signal. 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%.

89.030000000 – 91.2 – 99.79 – 85.21 – 86.22 – 85.35 — 37.998853891221 – 33.351153446288 — 16.006450962605 – 19.42470517085 – 7.7602968289913 – 14.047643046736

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