LTC/USDT – 1H – SELL

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

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 54.635 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 56.61 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Bearish Belt Hold’ candle chart pattern is discovered. The candles show ‘Bearish Belt Hold’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

56.61 – 55.27 – 54.76 – 54.59 – 54.81 – 53.78 —
56.570000000 – 55.820000000 —
59.739984292108 – 48.394421328949 —
– —
56.61 – 1776362400

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –