LTC/USDT – 30M – SELL

The currency pair Litecoin/Tether (LTC/USDT) jumps from the ascending trendline down.

The bearish trend down to the next support level at 55.8 will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 56.48 is within the realm of possibility.
Consider stop-loss settings accordingly.

Also there is 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 signal. The pair is likely to go down.

Also there is a ‘MACD crosses below signal’ indicator layout is discovered. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart signal. The pair is likely to go down.

Also there is a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.

Also there is a ‘Bearish Belt Hold’ candlestick chart pattern is existing. The candles form ‘Bearish Belt Hold’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

56.48 – 55.88 – 55.4 – 55.8 – 54.76 – 54.67 —
56.240000000 – 56.550000000 —
60.307231872196 – 61.578191283852 —
– —
56.48 – 1776835800

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –