LTC/USDT – 1H – SELL

The pair Litecoin/Tether (LTC/USDT) goes from the descending trendline downwards

A continuation of the downtrend down to the next support level at 58.94 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 60.49 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The pair is likely to go down.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The pair is likely to go down.

Also there is a ‘MACD crosses below signal’ indicator layout is found. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The pair is likely to go down.

Also there is a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

Also there is a ‘Southern Doji’ chart pattern is discovered. The candles show ‘Southern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

60.49 – 61.17 – 59.73 – 58.94 – 56.51 – 55 —
60.230000000 – 61.340000000 —
49.665030327413 – 52.582037026995 —
– —
60.49 – 1770105600

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –