LTC/USDT – 30M – SELL

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 53.0738 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 54.64 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Bearish Belt Hold’ candle pattern is detected. The chart forms ‘Bearish Belt Hold’. 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 probability of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

54.64 – 54.5 – 53.86 – 53.2 – 54 – 52.59 —
53.610000000 – 53.500000000 —
33.762770160718 – 34.505986507581 —
– —
54.64 – 1775466000

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