LTC/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support at 54.67 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 55.4 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The currency pair could go down.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair could go down.

Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 54.4985 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 55.4 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Southern Doji’ candlestick pattern is discovered. The candles form ‘Southern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

55.4 – 55.44 – 55.72 – 54.67 – 54.64 – 53.91 —
54.970000000 – 55.420000000 —
47.363049809692 – 60.301661663975 —
– —
55.4 – 1776709800

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Southern Doji – – –