LTC/USDT – 1H – SELL

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

A descent downwards to the next support level at 54.59 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 57.42 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ” indicator signal is detected. The indicator shows ”. which is often a bearish signal. The currency pair is likely to fall.

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Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair is likely to fall.

Additionally a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Target of the current trend is 54.59 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 57.42 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Bearish Belt Hold’ candlestick chart pattern is existing. The candles show ‘Bearish Belt Hold’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

57.42 – 56.61 – 55.27 – 54.7 – 55.24 – 55.34 —
55.720000000 – 54.730000000 —
47.818363562363 – 30.76217016147 —
– —
57.42 – 1776430800

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Belt Hold – Symmetrical Triangle Chart Pattern – –