LTC/USDT – 1H – SELL

The combination Litecoin/Tether (LTC/USDT) goes from the descending trendline down.

A continuation of the downward movement down to the next support line at will persist.

Caution: A possible change in the direction of the resistance zone at 43.44 should be noted.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 41.82796 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 43.44 should be noted.
Consider stop-loss settings accordingly.

And also a ‘Three Inside Down’ candlestick chart pattern is found. The chart shows ‘Three Inside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

43.44 – 43.3 – 43.37 – 41.330000000 – 41.59 – 42.12 —
42.220000000 – 42.300000000 —
49.162491517972 – 49.58486218491 —
41.330000000 – 1782867600 —
43.44 – 1782763200

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Inside Down – – –