LTC/USDT – 30M – SELL

The combination Litecoin/Tether (LTC/USDT) moves from the descending trendline down.

A continuation of the downtrend downwards to the next support line at 43.59 is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 44.71 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘MACD crosses below signal’ indicator layout is detected. The indicator is ‘MACD crosses below signal’. which could be a negative signal. The currency pair is likely to fall.

Moreover a ‘Bearish Engulfing’ candlestick pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a negative pattern signal. The currency 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%.

44.71 – 44.3 – 44.25 – 43.59 – 43.17 – 43.2 —
44.540000000 – 44.610000000 —
61.028732342842 – 61.22619261108 —
– —
44.71 – 1783661400

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