LTC/USDT – 1H – BUY

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 56.95 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 59.14 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Hanging Man’ candlestick chart pattern is discovered. The chart forms ‘Hanging Man’. 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 success rate of a ‘Hanging Man’ heading down is 59% (Bull Market) & 59% (Bear Market).

59.14 – 57.4 – 57.9 – 56.05 – 56.17 – 54.76 —
58.380000000 – 58.230000000 —
55.220585961114 – 51.668956288709 —
– —
59.14 – 1778288400

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Hanging Man – – –