LTC/USDT – 1H – SELL

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

A continuation of the bearish trend down to the next support line at 53.02 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 55.72 could occur.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

There is also a ‘Two Crows’ chart pattern is found. The candles show ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

55.72 – 55.53 – 54.95 – 53.02 – 52.47 – 51.47 —
54.400000000 – 55.050000000 —
51.480782893936 – 59.165255138194 —
– —
55.72 – 1772467200

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