LTC/USDT – 1H – SELL

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

A continuation of the downtrend down to the next support line at 53.03 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 56.02 could happen.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Last Engulfing Top’ candlestick chart pattern is existing. The candles show ‘Last Engulfing Top’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

56.02 – 56.16 – 56.59 – 53.03 – 55.17 – 54.59 —
56.010000000 – 55.920000000 —
60.165714848729 – 55.734658243137 —
– —
56.02 – 1774335600

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Last Engulfing Top – – –