LTC/USDT – 30M – SELL

The combination Litecoin/Tether (LTC/USDT) jumps from the bullish trendline down.

A descending movement downwards to the next support level at 44.13 will continue.

Caution: A possible counter-trend in the direction of resistance at 44.9 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘MACD crosses below signal’ indicator signal is discovered. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart scenario. The pair is likely to go down.

Also there is a ‘Last Engulfing Bottom:’ candlestick chart pattern is found. The chart shows ‘Last Engulfing Bottom:’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).

44.9 – 44.8 – 44.71 – 44.13 – 43.59 – 43.17 —
45.160000000 – 45.280000000 —
67.958805572142 – 61.305817664655 —
– —
44.9 – 1783726200

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Last Engulfing Bottom: – – –