LTC/USDT – 1H – SELL

In addition a ‘Double top chart pattern’ chart pattern is found. The chart forms ‘Double top chart pattern’. which is a bearish pattern signal. The currency pair is likely to fall.

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

A descent downwards to the next support at is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 86.77 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Bearish Engulfing’ candle chart pattern is found. The chart forms ‘Bearish Engulfing’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

86.77 – 85.97 – 84.83 – 83.68 – 74.66 – 83.14 — 45.185142027785 – 42.694199533679 — 57.437124485681 – 60.876904688553 – 40.615019532315 – 51.651844223815

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