LTC/USDT – 1H – SELL

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

A bearish trend downwards to the next support line at 118.360000000 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 134.190000000 could happen.
Consider stop-loss settings accordingly.

Moreover a ‘Three Outside Down’ candlestick pattern is existing. The chart shows ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

134.190000000 – 128.150000000 – 126.140000000 – 118.360000000 – 122.070000000 – 118.250000000 — 51.201969554393 – 48.43982256112

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – Triple bottom chart pattern – –