LTC/USDT – 4H – SELL

The combination Litecoin/Tether (LTC/USDT) goes from the bearish trendline down.

A continuation of the bearish trend down to the next support level at 74.66 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 86.77 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Evening Star’ chart pattern is discovered. The chart forms ‘Evening Star’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Evening Star’ heading down is 72% (Bull & Bear Market).

86.77 – 87.8 – 87.25 – 74.66 – 80.01 – 93.22 — 49.439430115412 – 45.834448640772 — 52.07403305447 – 60.300333534994 – 39.218990647738 – 50.824891158674

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Evening Star – Rising Wedge Chart Pattern – –