LTC/USDT – 30M – SELL

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 56.95 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend 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.

Besides a ‘Matching Low’ candlestick pattern is discovered. The candles form ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

59.14 – 58.99 – 56.79 – 57.62 – 56.05 – 56.17 —
58.170000000 – 58.320000000 —
48.271007452796 – 53.1344583015 —
– —
59.14 – 1778290200

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Matching Low – – –