LTC/USDT – 1H – SELL

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair could go down.

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 54.95876 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 58.71 is also possible.
Consider stop-loss settings accordingly.

Next a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles show ‘Bearish Engulfing’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

58.71 – 55.58 – 56.71 – 55.3 – 54.93 – 54.37 —
55.990000000 – 55.970000000 —
33.607788786977 – 38.502313107928 —
– —
58.71 – 1773784800

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