LTC/USDT – 1H – SELL

Also there is a ‘Double bottom retreat down’ chart pattern is existing. The chart forms ‘Double bottom retreat down’. which is a bearish signal. The currency pair is likely to go down.

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

The bearish trend downwards to the next support line at 122.070000000 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 126.140000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘StochRSI fall below 80’ indicator signal is discovered. The indicator shows ‘StochRSI fall below 80’. which could be a negative chart signal. The pair is likely to go down.

Also there is a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Also there is a ‘Bearish Belt Hold’ candlestick pattern is discovered. The chart forms ‘Bearish Belt Hold’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

126.140000000 – 126.350000000 – 126.420000000 – 122.070000000 – 118.250000000 – 119.320000000 — 57.299978128816 – 52.705404121052

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Belt Hold – Double bottom retreat down – –