LTC/USDT – 1H – SELL

The combination Litecoin/Tether (LTC/USDT) goes from the bullish trendline downwards

The bearish trend down to the next support at 53.02 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 57.66 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 53.92 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 57.66 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Outside Down’ candle pattern is detected. The chart forms ‘Three Outside Down’. which is a negative 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).

57.66 – 55.72 – 55.53 – 53.02 – 52.47 – 51.47 —
56.480000000 – 56.610000000 —
45.757478122901 – 52.660020253627 —
– —
57.66 – 1772650800

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –