LTC/USDT – 1H – SELL

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

A bearish movement downwards to the next support level at 74.66 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 86.77 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘%K crosses above %D’ indicator signal is discovered. The indicator is ‘%K crosses above %D’. this is usually a bullish signal. The currency pair could go up.

Furthermore a ‘Three Outside Down’ candle pattern is detected. The candles form ‘Three Outside Down’. this 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 chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

86.77 – 85.97 – 84.83 – 82.16 – 83.68 – 74.66 — 24.252321048208 – 23.479586180154 — 4.4261365270729 – 4.5527546319722 – 7.1430743597337 – 4.0363513806179

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –