LTC/USDT – 1H – SELL

Also there is a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The pair is likely to go down.

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

The bearish trend downwards to the next support at 119.320000000 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 126.420000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The pair is likely to go down.

Also there is a ‘RSI cross above 70’ indicator signal is existing. The indicator shows ‘RSI cross above 70’. which is often a bearish chart scenario. The pair is likely to go down.

Also there is a ‘StochRSI cross above 20’ indicator signal is existing. The indicator shows ‘StochRSI cross above 20’. which is often a bearish chart scenario. The pair is likely to go down.

Also there is a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 116.16 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 126.420000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Southern Doji’ candle chart pattern is detected. The chart forms ‘Southern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

126.420000000 – 124.390000000 – 129.160000000 – 119.320000000 – 117.370000000 – 115.190000000 — 42.516397215869 – 42.148499111102

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –