LTC/USDT – 1H – SELL

The combination Litecoin/Tether (LTC/USDT) jumps from the descending trendline down.

A continuation of the bearish trend downwards to the next support at 65.58 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 71.73 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘%K cross below 0.8’ indicator signal is discovered. The indicator shows ‘%K cross below 0.8’. which could be a negative chart scenario. The currency pair could go down.

Next a ‘Three Black Crows’ candle chart pattern is found. The candles form ‘Three Black Crows’. 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 Black Crows’ going down is 82%.

71.73 – 75.9 – 75.36 – 69.61 – 65.58 – 74.24 —
69.630000000 – 69.160000000 —
33.568531138115 – 28.996438636326 —
– —
71.73000 – 1768849200

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – – –