LTC/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 54.93 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 55.99 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three Outside Down’ chart pattern is detected. The chart forms ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

55.99 – 55.73 – 57.71 – 54.93 – 54.35 – 54.67 —
55.820000000 – 55.620000000 —
50.40319321455 – 46.755459142418 —
– —
55.99 – 1777550400

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – – –