LTC/USDT – 4H – SELL

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

A continuation of the bearish trend downwards to the next support at 103.160000000 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 134.190000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair could go down.

Besides a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 109.80042 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 134.190000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Matching Low’ chart pattern is discovered. The candles show ‘Matching Low’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

134.190000000 – 126.420000000 – 129.160000000 – 118.360000000 – 118.250000000 – 103.160000000 — 35.015168067897 – 34.758135863203

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Matching Low – Double top chart pattern – –