LTC/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support at 41.1 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 43.46 could be enabled.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The pair is likely to go down.

In addition a ‘MACD crosses below signal’ indicator layout is discovered. The indicator is ‘MACD crosses below signal’. which is often a bearish chart signal. The pair is likely to go down.

In addition a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will persist. Target of the current trend is 42.88586 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 43.46 could be enabled.
Consider stop-loss settings accordingly.

In addition a ‘Evening Star’ chart pattern is detected. The chart forms ‘Evening Star’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Evening Star’ going down is 72% (Bull & Bear Market).

43.46 – 42.71 – 42.21 – 41.1 – 41.53 – 40.8 —
43.290000000 – 43.310000000 —
63.266637312032 – 58.886298090889 —
– —
43.46 – 1780869600

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Evening Star – Rising Wedge Chart Pattern – –