LTC/USDT – 4H – SELL

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

A continuation of the downward movement down to the next support at 53.91 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 57.42 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

In addition a ‘Three Black Crows’ candle chart pattern is found. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

57.42 – 55.71 – 55.74 – 53.91 – 52.66 – 52.91 —
55.880000000 – 56.490000000 —
51.599430515485 – 55.598321593013 —
– —
57.42 – 1776427200

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –