LTC/USDT – 1H – SELL

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

A continuation of the downward movement downwards to the next support level at is likely expected.

Caution: A possible counter-trend in the direction of resistance at 55 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Collapsing Doji Star’ candle pattern is detected. The chart forms ‘Collapsing Doji Star’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Collapsing Doji Star’ going down is 63% (Bull Market).

55 – 54.75 – 53.94 – 53.62 – 51.88 – 53.44 —
54.840000000 – 54.030000000 —
59.594504538253 – 48.660065742549 —
– —
55 – 1773154800

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Collapsing Doji Star – Rising Wedge Chart Pattern – –