LTC/USDT – 1H – SELL

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

A bearish trend down to the next support level at 54.76 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 57.9 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The pair is likely to go down.

Additionally a ‘StochOSC Hidden Bearish Divergence’ indicator layout is discovered. The indicator is ‘StochOSC Hidden Bearish Divergence’. which is often a bearish chart scenario. The pair is likely to go down.

Additionally a ‘Three Outside Down’ candlestick pattern is found. The candles form ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

57.9 – 56.43 – 56.03 – 54.76 – 54.95 – 54.99 —
56.830000000 – 57.140000000 —
46.566661185996 – 60.616463634421 —
– —
57.9 – 1778054400

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