LTC/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support level at 122.830000000 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 125.900000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ‘RSI fall below 70’ indicator signal is found. The indicator is ‘RSI fall below 70’. which is often a bearish signal. The currency pair is likely to fall.

Furthermore a ‘StochRSI fall below 80’ indicator signal is found. The indicator is ‘StochRSI fall below 80’. which is often a bearish signal. The currency pair is likely to fall.

Furthermore a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Furthermore a ‘Three Outside Down’ chart pattern is detected. The candles form ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. 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).

125.900000000 – 126.420000000 – 123.990000000 – 122.830000000 – 119.320000000 – 117.370000000 — 52.759360825538 – 41.920481990878

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