LTC/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support level at 42.12 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 43.3 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘MACD crosses below signal’ indicator layout is found. The indicator is ‘MACD crosses below signal’. which could be a negative chart signal. The currency pair could go down.

Furthermore a ‘Three Black Crows’ chart pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

43.3 – 43.37 – 43.3 – 42.12 – 42.02 – 41.88 —
42.730000000 – 43.230000000 —
49.804382868401 – 54.992028665556 —
– —
43.3 – 1782702000

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – – –