LTC/USDT – 1H – SELL

The pair Litecoin/Tether (LTC/USDT) goes from the descending trendline down.

A continuation of the bearish trend down to the next support at 54.37 is likely expected.

Caution: A possible change in the direction of resistance at 55.580000000 should be noted.
Consider stop-loss settings accordingly.

There is also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.

There is also a ‘Last Engulfing Bottom:’ chart pattern is existing. The candles form ‘Last Engulfing Bottom:’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).

55.580000000 – 56.71 – 55.48 – 54.37 – 53.8 – 53.43 —
55.580000000 – 55.240000000 —
59.11521870691 – 46.215208531024 —
55.580000000 – 1773565200 —
– 1773565200

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Last Engulfing Bottom: – Rising Wedge Chart Pattern – –