LTC/USDT – 1H – SELL

The combination Litecoin/Tether (LTC/USDT) jumps from the ascending trendline downwards

A descending movement downwards to the next support at 41.14 is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 43.7 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.

Then a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.

Then a ‘Bearish Engulfing’ candlestick pattern is found. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

43.7 – 42.94 – 43.44 – 41.14 – 41.33 – 41.59 —
43.410000000 – 43.600000000 —
59.959300667594 – 59.025404580741 —
– —
43.7 – 1782939600

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