LTC/USDT – 1H – SELL

The currency pair Litecoin/Tether (LTC/USDT) goes from the ascending trendline downwards

A descending movement down to the next support level at 67.75 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 70.49 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 66.98 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 70.49 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Matching Low’ candle chart pattern is detected. The candles form ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

70.49 – 70.12 – 68.98 – 68.42 – 68.64 – 67.75 —
69.000000000 – 68.140000000 —
35.34772597668 – 34.586870482113 —
– —
70.49000 – 1769554800

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –