LTC/USDT – 1H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.

The combination Litecoin/Tether (LTC/USDT) jumps from the bullish trendline downwards

A descending movement down to the next support line at 111.900000000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 118.730000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 113.72 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 118.730000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Three Black Crows’ candlestick chart pattern is detected. The candles form ‘Three Black Crows’. which is a negative signal. 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’ heading down is 82%.

118.730000000 – 115.420000000 – 115.410000000 – 111.900000000 – 111.230000000 – 109.500000000 — 52.41654144993 – 50.813117118441

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –