LTC/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support line at 53.44 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 54.29 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 53.12 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 54.29 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Black Crows’ candle chart pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

54.29 – 54.24 – 55.75 – 53.44 – 53.12 – 55.03 —
53.990000000 – 53.970000000 —
48.79118600851 – 50.469246913409 —
– —
54.29 – 1772872200

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – – –