LTC/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support level at 112.170000000 is expected.

Caution: A possible counter-trend in the direction of resistance at 116.270000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair is likely to fall.

In addition a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

In addition a ‘Three Outside Down’ chart pattern is discovered. The candles form ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

116.270000000 – 124.770000000 – 122.130000000 – 112.170000000 – 106.700000000 – 120.400000000 — 48.317534376572 – 43.900321325536

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – Head and Shoulder chart pattern – –