LTC/USDT – 1H – SELL

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

A descent down to the next support line at 56.05 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 57.4 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Black Crows’ candlestick pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

57.4 – 57.9 – 56.43 – 56.05 – 56.17 – 54.76 —
58.640000000 – 59.020000000 —
71.888168395483 – 69.317153889851 —
– —
57.4 – 1778155200

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –