LTC/USDT – 30M – SELL

The pair Litecoin/Tether (LTC/USDT) goes from the descending trendline downwards

A continuation of the downtrend down to the next support at 54.76 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 55.88 could occur.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

In addition a ‘Bearish Belt Hold’ chart pattern is found. The candles show ‘Bearish Belt Hold’. 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 ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

55.88 – 55.4 – 55.44 – 54.76 – 54.67 – 54.64 —
55.290000000 – 55.720000000 —
47.85824431652 – 61.761104101702 —
– —
55.88 – 1776781800

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Belt Hold – Symmetrical Triangle Chart Pattern – –