LTC/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support level at 52.2 will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 53.94 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Bearish Belt Hold’ candlestick chart pattern is found. The chart forms ‘Bearish Belt Hold’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

53.94 – 53.75 – 54.29 – 52.2 – 52.65 – 53.21 —
53.160000000 – 52.910000000 —
51.342730563203 – 46.085491634935 —
– —
53.94 – 1772965800

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Belt Hold – – –