LTC/USDT – 1H – SELL

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

A continuation of the bearish trend down to the next support at is expected.

Caution: A possible reversal of the trend in the direction of resistance at 69.71 is also possible.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.

In addition a ‘MACD crosses below signal’ indicator layout is found. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair could go down.

In addition a ‘Three Inside Down’ chart pattern is existing. The candles form ‘Three Inside Down’. this 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 likelyhood of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

69.71 – 69.39 – 71.73 – 66.03 – 65.9 – 69.61 —
69.650000000 – 69.050000000 —
52.918684503496 – 52.748219512458 —
– —
69.71000 – 1769032800

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Inside Down – Rising Wedge Chart Pattern – –