LTC/USDT – 30M – SELL

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

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

Caution: A possible reversal of the trend in the direction of the resistance zone at 53.94 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair is likely to fall.

Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 53.085 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 53.94 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Two Crows’ chart pattern is existing. The chart shows ‘Two Crows’. 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 likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

53.44 – 53.94 – 53.75 – 51.88 – 52.2 – 52.65 —
52.830000000 – 54.050000000 —
43.713932597235 – 62.262219686151 —
– —
53.44 – 1773001800

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Two Crows – – –