LTC/USDT – 1H – SELL

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

A bearish trend down to the next support level at 53.02 is certain.

Caution: A possible change in the direction of the resistance level at 57.66 should be noted.
Consider stop-loss settings accordingly.

There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.

There is also a ‘Matching Low’ candle pattern is existing. The chart shows ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

57.66 – 55.72 – 55.53 – 53.02 – 52.47 – 51.47 —
56.600000000 – 57.230000000 —
54.80121619925 – 60.071018729415 —
– —
57.66 – 1772650800

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Matching Low – – –