LTC/USDT – 1H – SELL

The currency pair Litecoin/Tether (LTC/USDT) goes from the ascending trendline down.

A descent down to the next support line at 46.3 is considered certain.

Caution: A possible change in the direction of the resistance line at 52.76 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Two Crows’ candlestick chart pattern is found. The candles form ‘Two Crows’. this 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 chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

52.76 – 52.78 – 52.14 – 46.3 – 50.1 – 51.39 —
48.280000000 – 48.270000000 —
45.288436444255 – 47.276620324462 —
– —
52.76 – 1780196400

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Two Crows – – –