LTC/USDT – 1H – SELL

The combination Litecoin/Tether (LTC/USDT) goes from the ascending trendline down.

A bearish trend downwards to the next support at 53.02 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 57.66 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair is likely to fall.

In addition a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 52.93084 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 57.66 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Three Black Crows’ candlestick pattern is discovered. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

57.66 – 55.72 – 55.53 – 55.03 – 53.02 – 52.47 —
55.540000000 – 54.920000000 —
43.739581043365 – 33.338067893856 —
– —
57.66 – 1772650800

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –