LTC/USDT – 1H – SELL

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

A continuation of the bearish trend down to the next support at 54.9 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 56.76 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The pair is likely to go down.

Furthermore a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 55.232 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 56.76 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Southern Doji’ chart pattern is existing. The chart shows ‘Southern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

56.76 – 56.27 – 56.55 – 55.77 – 55.75 – 54.9 —
56.340000000 – 56.660000000 —
54.344979753884 – 56.757647644071 —
– —
56.76 – 1777064400

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –