LTC/USDT – 1H – SELL

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

A bearish movement down to the next support line at 57.07 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 61.38 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Three Outside Down’ candlestick chart pattern is found. The candles form ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

61.38 – 60.49 – 61.17 – 57.07 – 56.87 – 58.94 —
59.440000000 – 58.660000000 —
42.051969221194 – 41.993292381069 —
– —
61.38 – 1770148800

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – Double top chart pattern – –