LTC/USDT – 1H – SELL

The currency pair Litecoin/Tether (LTC/USDT) moves from the bullish trendline downwards

A descending movement downwards to the next support level at 119.320000000 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 126.350000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘RSI fall below 70’ indicator layout is found. The indicator shows ‘RSI fall below 70’. which could be a negative chart scenario. The currency pair could go down.

Then a ‘StochRSI fall below 80’ indicator layout is found. The indicator shows ‘StochRSI fall below 80’. which could be a negative chart scenario. The currency pair could go down.

Then a ‘Tweezers Top’ candlestick pattern is detected. The chart forms ‘Tweezers Top’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

126.350000000 – 126.420000000 – 124.390000000 – 119.320000000 – 117.370000000 – 115.190000000 — 57.331953152875 – 47.142155595782

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Tweezers Top – Symmetrical Triangle Chart Pattern – –