LTC/USDT – 30M – SELL

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

A descent downwards to the next support at 53.21 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 53.750000000 could happen.
Consider stop-loss settings accordingly.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair is likely to fall.

Furthermore a ‘Bearish Separating Lines’ chart pattern is discovered. The candles show ‘Bearish Separating Lines’. 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 probability of ‘Bearish Separating Lines’ going down is 63% (Bull Market) & 76% (Bear Market).

53.750000000 – 54.29 – 54.24 – 53.21 – 53.44 – 53.12 —
53.750000000 – 53.300000000 —
45.937230215789 – 38.51453080463 —
53.750000000 – 1772928000 —
– 1772928000

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Separating Lines – – –