LTC/USDT – 30M – SELL

The combination Litecoin/Tether (LTC/USDT) goes from the descending trendline downwards

A continuation of the downward movement down to the next support line at 54.95 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 55.63 is within the realm of possibility.
Consider stop-loss settings accordingly.

In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

In addition a ‘MACD crosses below signal’ indicator layout is found. The indicator is ‘MACD crosses below signal’. which could be a negative signal. The pair is likely to go down.

In addition a ‘Bearish Belt Hold’ candlestick pattern is discovered. The candles show ‘Bearish Belt Hold’. which is a negative pattern 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).

55.63 – 55.92 – 56.8 – 54.95 – 55.22 – 55.77 —
55.470000000 – 55.450000000 —
49.418251676893 – 46.792948677335 —
– —
55.63 – 1777334400

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Belt Hold – – –