LTC/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support at 108.180000000 is certain.

Caution: A possible trend reversal in the direction of resistance at 115.430000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair is likely to fall.

Furthermore a ‘RSI cross above 30’ indicator layout is detected. The indicator shows ‘RSI cross above 30’. which is often a bearish signal. The currency pair is likely to fall.

Furthermore a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.

Furthermore a ‘Matching Low’ candlestick pattern is discovered. The chart shows ‘Matching Low’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

115.000000000 – 115.430000000 – 114.350000000 – 108.180000000 – 110.930000000 – 106.580000000 — 40.708385833699 – 39.795974893211

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Matching Low – Rising Wedge Chart Pattern –