LTC/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support level at 65.9 will persist.

Caution: A possible change in the direction of the resistance line at 69.39 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘%K crosses below %D’ indicator layout is found. The indicator is ‘%K crosses below %D’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 65.58 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support zone at 69.39 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Outside Down’ candle chart pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

69.39 – 71.73 – 75.9 – 65.9 – 69.61 – 65.58 —
68.940000000 – 69.290000000 —
43.91398562501 – 55.286617163673 —
– —
69.39000 – 1768971600

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – Double top retreat up – –