LTC/USDT – 1H – SELL

The combination Litecoin/Tether (LTC/USDT) jumps from the descending trendline downwards

A continuation of the downtrend down to the next support line at 53.43 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 55 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.

Besides a ‘StochRSI %K falls below 0.8’ indicator layout is found. The indicator shows ‘StochRSI %K falls below 0.8’. which could be a negative signal. The currency pair is likely to fall.

Besides a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘Three Black Crows’ candlestick chart pattern is detected. The chart shows ‘Three Black Crows’. 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 likelyhood of ‘Three Black Crows’ heading down is 82%.

55 – 54.75 – 53.94 – 53.43 – 53.62 – 51.88 —
55.170000000 – 54.980000000 —
66.123375307132 – 52.49088133898 —
– —
55 – 1773154800

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