LTC/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support level at 68.64 is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 70.49 should always be considered.
Consider stop-loss settings accordingly.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The currency pair is likely to rise.

There is also a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The currency pair is likely to rise.

There is also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 68.735 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 70.49 should always be considered.
Consider stop-loss settings accordingly.

There is also a ‘Two Crows’ candle chart pattern is found. The candles show ‘Two Crows’. which is a negative signal. The currency pair is likely to go down. 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).

70.49 – 70.12 – 68.98 – 68.64 – 67.75 – 66.98 —
69.950000000 – 69.850000000 —
54.130902838239 – 53.016702312965 —
– —
70.49000 – 1769554800

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Two Crows – Double bottom chart pattern – –