LTC/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support level at 54.3 will persist.

Caution: A possible reversal of the trend in the direction of the resistance line at 55.75 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.

And also a ‘Matching Low’ chart pattern is detected. The candles form ‘Matching Low’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

55.75 – 56.05 – 57.23 – 55.03 – 55.73 – 54.3 —
55.310000000 – 54.850000000 —
42.837413102345 – 34.935518245532 —
– —
55.75 – 1772784000

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