LTC/USDT – 1H – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.

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

A bearish movement downwards to the next support line at 111.900000000 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 118.730000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 113.72 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 118.730000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Black Crows’ candle pattern is discovered. The candles form ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. 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 – –