LTC/USDT – 4H – SELL

The currency pair Litecoin/Tether (LTC/USDT) jumps from the bullish trendline downwards

A descent down to the next support at 50.18 will continue.

Caution: A possible change in the direction of the resistance zone at 56.01 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.

And also a ‘Collapsing Doji Star’ chart pattern is discovered. The candles form ‘Collapsing Doji Star’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).

56.01 – 55.85 – 55.7 – 50.18 – 51.42 – 52.36 —
52.800000000 – 56.070000000 —
47.861633077131 – 58.054058839995 —
– —
56.01 – 1771689600

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Collapsing Doji Star – Double bottom retreat down – –