LTC/USDT – 1H – SELL

The pair Litecoin/Tether (LTC/USDT) goes from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support line at 115.190000000 is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 122.340000000 could occur.
Consider stop-loss settings accordingly.

And also a ‘RSI fall below 70’ indicator signal is existing. The indicator is ‘RSI fall below 70’. which could be a positive signal. The pair is likely to go up.

And also a ‘StochRSI fall below 80’ indicator signal is existing. The indicator is ‘StochRSI fall below 80’. which could be a positive signal. The pair is likely to go up.

And also a ‘Bearish Belt Hold’ chart pattern is discovered. The candles form ‘Bearish Belt Hold’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

122.340000000 – 129.160000000 – 111.860000000 – 115.190000000 – 103.160000000 – 105.200000000 — 56.069767490604 – 54.35197954917

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