LTC/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support line at 45.07 is expected.

Caution: A possible trend reversal in the direction of the resistance line at 53.86 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Line Strike – Bearish’ candlestick chart pattern is existing. The candles show ‘Three Line Strike – Bearish’. 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 likelyhood of ‘Three Line Strike – Bearish’ heading down is 84% (Bull Market).

53.86 – 55.13 – 55.88 – 52.84 – 52.36 – 53.65 —
52.850000000 – 52.510000000 —
34.617563796987 – 38.714136930681 —
– —
53.86 – 1770742800

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Line Strike – Bearish – Double top chart pattern – –