LTC/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support at 55.15 is expected.

Caution: A possible change in the direction of the resistance zone at 56.05 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

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

Then a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Then a ‘Three Black Crows’ chart pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

56.05 – 56.71 – 55.48 – 55.15 – 54 – 53.8 —
55.500000000 – 55.590000000 —
49.644770623853 – 49.413262189847 —
– —
56.05 – 1773435600

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –