LTC/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 43.1 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 43.86 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The pair is likely to go down.

Also there is a ‘Bearish Engulfing’ chart pattern is existing. The candles form ‘Bearish Engulfing’. which is a negative chart scenario. The currency 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%.

43.86 – 43.93 – 43.7 – 43.1 – 42.54 – 41.14 —
43.430000000 – 43.710000000 —
49.847029813068 – 61.573465521514 —
– —
43.86 – 1783042200

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