LTC/USDT – 1H – SELL

The combination Litecoin/Tether (LTC/USDT) moves from the bullish trendline down.

A bearish movement downwards to the next support at 56.17 is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 57.9 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair could go down.

Also there is a ‘MACD crosses below signal’ indicator layout is found. The indicator is ‘MACD crosses below signal’. which is often a bearish chart scenario. The currency pair could go down.

Also there is a ‘StochOSC Hidden Bearish Divergence’ indicator layout is found. The indicator is ‘StochOSC Hidden Bearish Divergence’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 56.33 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 57.9 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Three Outside Down’ candle pattern is existing. The candles form ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

57.9 – 56.43 – 56.03 – 56.17 – 54.76 – 54.95 —
56.800000000 – 57.400000000 —
53.016237946425 – 63.182656060489 —
– —
57.9 – 1778054400

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –