LTC/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support line at 83.14 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 85.73 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘%K crosses below %D’ indicator signal is found. The indicator is ‘%K crosses below %D’. which could be a negative chart signal. The pair is likely to go down.

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

85.73 – 86.77 – 87.8 – 83.14 – 83.5 – 83.28 — 51.573448500883 – 46.683207266391 — 98.087588449034 – 81.976513098464 – 82.909489304349 – 88.480576206815

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