LTC/USDT – 1H – SELL

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

A continuation of the bearish trend down to the next support line at 118.250000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 126.140000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘StochRSI fall below 80’ indicator signal is existing. The indicator is ‘StochRSI fall below 80’. this is usually a bearish chart scenario. The pair is likely to go down.

Next a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.

Next a ‘Three Inside Down’ candle chart pattern is detected. The chart forms ‘Three Inside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

126.140000000 – 126.350000000 – 126.420000000 – 118.250000000 – 119.320000000 – 117.370000000 — 57.160304558834 – 53.094454506265

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Inside Down – – –