LTC/USDT – 30M – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

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

A bearish movement down to the next support at 43.56 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 44.69 is also possible.
Consider stop-loss settings accordingly.

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

In addition a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 43.44 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 44.69 is also possible.
Consider stop-loss settings accordingly.

In addition a ‘Three Outside Down’ candlestick pattern is detected. The chart shows ‘Three Outside Down’. which is a bearish 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 ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

44.69 – 44.14 – 43.54 – 43.56 – 43.02 – 42.69 —
44.460000000 – 44.290000000 —
63.863689433918 – 55.342808603952 —
– —
44.69 – 1781398800

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