LTC/USDT – 1H – SELL

The currency pair Litecoin/Tether (LTC/USDT) goes from the bullish trendline downwards

The bearish trend downwards to the next support line at 55.34 will continue.

Caution: A possible change in the direction of the resistance level at 57.42 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 55.6 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 57.42 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Outside Down’ candlestick pattern is found. The chart forms ‘Three Outside Down’. this is a bearish chart scenario. 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).

57.42 – 56.61 – 55.27 – 55.34 – 54.59 – 54.81 —
57.340000000 – 56.770000000 —
65.063047596673 – 55.676919640159 —
– —
57.42 – 1776430800

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