LTC/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 113.620000000 will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 115.470000000 is also possible.
Consider stop-loss settings accordingly.

Moreover a ‘RSI fall below 30’ indicator signal is existing. The indicator shows ‘RSI fall below 30’. which is often a bearish signal. The currency pair is likely to fall.

Moreover a ‘Bearish Belt Hold’ candle pattern is found. The candles show ‘Bearish Belt Hold’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

115.470000000 – 113.900000000 – 116.380000000 – 113.620000000 – 113.050000000 – 112.010000000 — 30.607488842875 – 27.770758858061

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Belt Hold – –