LTC/USDT – 4H – SELL

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

A continuation of the bearish trend down to the next support line at 116.550000000 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 134.190000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The pair is likely to go down.

Besides a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. 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.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Two Crows’ candlestick pattern is existing. The chart forms ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to go down. 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).

134.190000000 – 126.420000000 – 129.160000000 – 116.550000000 – 118.360000000 – 118.250000000 — 36.707900545154 – 36.055598361874

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Two Crows – Double bottom retreat down – –