LTC/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support at 106.740000000 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 115.470000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair could go down.

Next a ‘RSI fall below 30’ indicator signal is found. The indicator shows ‘RSI fall below 30’. which could be a negative signal. The currency pair could go down.

Next a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 106.58 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support zone at 115.470000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Two Crows’ candlestick chart pattern is found. The candles form ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

115.470000000 – 115.470000000 – 116.380000000 – 106.740000000 – 109.330000000 – 108.180000000 — 43.284868628415 – 38.72716184115

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Two Crows – Double top chart pattern –