LTC/USDT – 1H – SELL

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

A continuation of the downward movement downwards to the next support level at is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 56.76 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Three Outside Down’ candle pattern is found. The candles form ‘Three Outside Down’. 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 success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

56.76 – 56.27 – 56.55 – 54.9 – 54.76 – 54.67 —
56.550000000 – 56.060000000 —
52.482145116618 – 40.888460525381 —
– —
56.76 – 1777064400

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –