LTC/USDT – 30M – SELL

The currency pair Litecoin/Tether (LTC/USDT) moves from the bearish trendline down.

A continuation of the downward movement downwards to the next support level at 117.370000000 will persist.

Caution: A possible trend reversal in the direction of resistance at 122.340000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘RSI fall below 70’ indicator signal is found. The indicator is ‘RSI fall below 70’. which is often a bullish chart signal. The currency pair is likely to rise.

Furthermore a ‘StochRSI fall below 80’ indicator signal is found. The indicator is ‘StochRSI fall below 80’. which is often a bullish chart signal. The currency pair is likely to rise.

Furthermore a ‘Two Crows’ candlestick chart pattern is detected. The candles form ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

122.340000000 – 121.130000000 – 129.160000000 – 117.370000000 – 117.900000000 – 115.190000000 — 54.388844891828 – 51.933864617546

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Two Crows – – –