LTC/USDT – 30M – SELL

The pair Litecoin/Tether (LTC/USDT) goes from the bullish trendline down.

A bearish descent down to the next support level at 54.3 is considered certain.

Caution: A possible change in the direction of the resistance level at 59 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Outside Down’ candlestick pattern is found. The candles show ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

56.68 – 55.38 – 55.49 – 54.3 – 53.02 – 53 —
57.240000000 – 57.440000000 —
65.885608598211 – 63.422570780156 —
– —
56.68 – 1772616600

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –