LTC/USDT – 30M – SELL

The currency pair Litecoin/Tether (LTC/USDT) goes from the bearish trendline down.

A continuation of the downtrend downwards to the next support line at 52.66 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 53.88 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair could go down.

Moreover a ‘Three Outside Down’ chart pattern is found. The chart shows ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

53.88 – 53.95 – 55.71 – 52.66 – 53.36 – 53.45 —
53.190000000 – 53.170000000 —
46.782894827249 – 49.474488032076 —
– —
53.88 – 1776060000

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –