LTC/USDT – 1H – SELL

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

A descent downwards to the next support level at 90.750000000 will continue.

Caution: A possible change in the direction of the resistance line at 97.990000000 could occur.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair is likely to fall.

Next a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Next a ‘Three Black Crows’ candle pattern is discovered. The candles form ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

97.990000000 – 98.320000000 – 88.280000000 – 93.870000000 – 90.750000000 – 85.160000000

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