LTC/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support level at 51.88 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 53.94 could be enabled.
Consider stop-loss settings accordingly.

Besides a ‘Three Line Strike – Bearish’ candlestick chart pattern is discovered. The candles form ‘Three Line Strike – Bearish’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Line Strike – Bearish’ going down is 84% (Bull Market).

53.94 – 54.29 – 57.66 – 51.88 – 53.44 – 53.12 —
53.170000000 – 53.570000000 —
42.698465246387 – 53.606330435629 —
– —
53.94 – 1772964000

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Line Strike – Bearish – – –