LTC/USDT – 1H – SELL

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

A continuation of the downward movement downwards to the next support at 103.160000000 will persist.

Caution: A possible change in the direction of the resistance level at 119.130000000 is also possible.
Consider stop-loss settings accordingly.

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

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will persist. Current target is 115.29 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 119.130000000 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Matching Low’ candle pattern is existing. The candles form ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

119.130000000 – 123.200000000 – 120.810000000 – 115.290000000 – 117.140000000 – 116.550000000 — 34.261070146483 – 34.105364114206

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –