LTC/USDT – 1H – SELL

The combination Litecoin/Tether (LTC/USDT) jumps from the bullish trendline downwards

A bearish movement downwards to the next support level at 43.1 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 43.86 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

Additionally a ‘Shooting Star’ candle chart pattern is found. The candles form ‘Shooting Star’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).

43.86 – 43.93 – 43.7 – 43.1 – 41.14 – 41.33 —
43.390000000 – 43.790000000 —
50.91891844772 – 61.320514768603 —
– —
43.86 – 1783040400

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Shooting Star – Rising Wedge Chart Pattern – –