LTC/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support level at 56.87 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 61.38 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘MACD crosses below signal’ indicator layout is existing. The indicator shows ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair is likely to fall.

Then a ‘Three Outside Down’ candlestick pattern is found. The candles form ‘Three Outside Down’. which is a bearish signal. 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’ heading down is 69% (Bull Market) & 70% (Bear Market).

61.38 – 60.46 – 60.49 – 56.87 – 59.35 – 58.94 —
60.640000000 – 60.890000000 —
56.457813195833 – 58.769057607268 —
– —
61.38 – 1770150600

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