LTC/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support level at 53.91 will continue.

Caution: A possible change in the direction of the resistance line at 55.72 could be enabled.
Consider stop-loss settings accordingly.

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

55.72 – 56.66 – 57.42 – 53.91 – 54.7 – 55.24 —
54.650000000 – 55.210000000 —
47.93953681762 – 56.658316413934 —
– —
55.72 – 1776603600

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