LTC/USDT – 1H – SELL

In addition a ‘Double bottom retreat down’ chart formation is discovered. The formation shows ‘Double bottom retreat down’. this is a bearish chart scenario. The currency pair is likely to go down.

The combination Litecoin/Tether (LTC/USDT) jumps from the bullish trendline down.

The bearish trend down to the next support line at 83.680000000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 86.77 is also possible.
Consider stop-loss settings accordingly.

In addition a ‘%K crosses below %D’ indicator signal is detected. The indicator is ‘%K crosses below %D’. which could be a negative chart signal. The pair is likely to go down.

In addition a ‘Three Inside Down’ candle chart pattern is discovered. The candles show ‘Three Inside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

85.97 – 84.83 – 85.73 – 83.680000000 – 74.66 – 83.14 — 68.516123050744 – 64.585077937099 — 53.232165439262 – 36.199756998686 – 51.942763359568 – 49.527635200476

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Inside Down – Double bottom retreat down – –