LTC/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support at 65.9 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 69.39 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The pair is likely to go down.

Furthermore a ‘MACD crosses below signal’ indicator signal is detected. The indicator is ‘MACD crosses below signal’. which is often a bearish signal. The pair is likely to go down.

Furthermore a ‘StochOSC Hidden Bearish Divergence’ indicator signal is detected. The indicator is ‘StochOSC Hidden Bearish Divergence’. which is often a bearish signal. The pair is likely to go down.

Furthermore a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 67.0314 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 69.39 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Down’ chart pattern is found. The chart forms ‘Three Outside Down’. which is a bearish 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 Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

69.39 – 70.06 – 71.73 – 65.9 – 68.95 – 69.61 —
68.110000000 – 69.290000000 —
32.418780571153 – 58.84954739958 —
– —
69.39000 – 1768973400

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – Double top chart pattern – –