LTC/USDT – 1H – SELL

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

The bearish trend downwards to the next support line at 53.43 is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 55 is within the realm of possibility.
Consider stop-loss settings accordingly.

And also a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.

And also a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is expected. Target of the current trend is 54.33232 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 55 is within the realm of possibility.
Consider stop-loss settings accordingly.

And also a ‘Last Engulfing Top’ chart pattern is discovered. The candles form ‘Last Engulfing Top’. 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 ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

55 – 54.75 – 53.94 – 53.43 – 53.62 – 51.88 —
53.960000000 – 55.050000000 —
47.830455340584 – 61.373464720956 —
– —
55 – 1773154800

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Last Engulfing Top – Symmetrical Triangle Chart Pattern – –