LTC/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support level at 41.33 will persist.

Caution: A possible change in the direction of the resistance zone at 42.94 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Bearish Belt Hold’ candle pattern is detected. The candles show ‘Bearish Belt Hold’. 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 success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

42.94 – 42.86 – 43.44 – 41.33 – 41.59 – 42.12 —
41.810000000 – 42.920000000 —
31.802001506441 – 58.136328661675 —
– —
42.94 – 1782876600

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Belt Hold – – –