LTC/USDT – 1H – SELL

The combination Litecoin/Tether (LTC/USDT) jumps from the ascending trendline downwards

A bearish descent down to the next support line at 53.33 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 55.65 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair could go down.

Then a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Then a ‘Bearish Engulfing’ candle chart pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

55.65 – 55.7 – 53.81 – 53.33 – 51.51 – 51 —
55.210000000 – 55.500000000 —
57.547512023851 – 58.53940645366 —
– —
55.65 – 1771275600

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing – Double bottom retreat down – –