LTC/USDT – 30M – SELL

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

A bearish movement down to the next support line at 54.76 will continue.

Caution: A possible change in the direction of the resistance level at 56.43 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Bearish Engulfing’ candle pattern is existing. The candles show ‘Bearish Engulfing’. 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 likelyhood of ‘Bearish Engulfing’ heading down is 79%.

55.92 – 56.43 – 55.44 – 54.76 – 54.95 – 54.99 —
56.440000000 – 56.730000000 —
68.087363906913 – 67.420572253397 —
– —
55.92 – 1777987800

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing – – –