LTC/USDT – 30M – SELL

The pair Litecoin/Tether (LTC/USDT) jumps from the descending trendline down.

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

Caution: A possible trend reversal in the direction of the resistance zone at 56.02 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair is likely to fall.

Besides a ‘Shooting Star’ candle pattern is detected. The candles form ‘Shooting Star’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).

56.02 – 55.87 – 56.16 – 55.05 – 53.27 – 53.03 —
55.950000000 – 55.700000000 —
62.137451553678 – 52.336553840419 —
– —
56.02 – 1774337400

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Shooting Star – – –