LTC/USDT – 4H – SELL

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

A continuation of the downward movement down to the next support line at 41.25 is considered certain.

Caution: A possible change in the direction of the resistance line at 52.78 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Bearish Engulfing’ candlestick chart pattern is detected. The chart shows ‘Bearish Engulfing’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

43.82 – 52.78 – 54.7 – 41.25 – 40.52 – 50.33 —
46.250000000 – 46.070000000 —
65.318174592086 – 60.749591593695 —
– —
43.82 – 1780948800

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –