LTC/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support level at 118.250000000 is expected.

Caution: A possible trend reversal in the direction of resistance at 126.350000000 could happen.
Consider stop-loss settings accordingly.

Also there is a ‘StochRSI fall below 80’ indicator signal is existing. The indicator shows ‘StochRSI fall below 80’. this is usually a bearish chart signal. The currency pair is likely to fall.

Also there is a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

Also there is a ‘Shooting Star’ candlestick pattern is existing. The chart forms ‘Shooting Star’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).

126.350000000 – 126.420000000 – 124.390000000 – 118.250000000 – 119.320000000 – 117.370000000 — 57.735876192802 – 57.450703302016

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Shooting Star – – –