LTC/USDT – 1H – SELL

Next a ‘Double bottom retreat down’ chart layout is existing. The chart shows ‘Double bottom retreat down’. which is a negative pattern signal. The currency pair is likely to go down.

The combination Litecoin/Tether (LTC/USDT) goes from the ascending trendline downwards

A bearish descent downwards to the next support level at 111.900000000 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 116.270000000 could happen.
Consider stop-loss settings accordingly.

Next a ‘Three Black Crows’ candle chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

115.420000000 – 115.410000000 – 115.120000000 – 111.900000000 – 111.230000000 – 109.500000000 — 60.389081058309 – 58.765328680224

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