LTC/USDT – 1H – SELL

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 56.95 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 59.14 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘On Neck’ candlestick pattern is existing. The candles form ‘On Neck’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).

59.14 – 57.4 – 57.9 – 57.620000000 – 56.05 – 56.17 —
57.870000000 – 58.320000000 —
44.843182781681 – 54.968801162568 —
57.620000000 – 1778338800 —
59.14 – 1778288400

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – On Neck – – –