LTC/USDT – 1H – SELL

The combination Litecoin/Tether (LTC/USDT) goes from the bullish trendline down.

The bearish trend down to the next support line at 54.37 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 56.71 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Next a ‘Shooting Star’ candle chart pattern is existing. The candles show ‘Shooting Star’. 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 probability of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).

56.71 – 55.48 – 55.28 – 54.37 – 53.8 – 53.43 —
55.460000000 – 55.510000000 —
57.259135950575 – 60.201474191857 —
– —
56.71 – 1773406800

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Shooting Star – – –