LTC/USDT – 1H – SELL

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

A descent down to the next support level at 113.130000000 is likely expected.

Caution: A possible change in the direction of the resistance zone at 118.120000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 116.375 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 118.120000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Three Black Crows’ candlestick chart pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

118.120000000 – 115.870000000 – 116.760000000 – 113.130000000 – 112.000000000 – 111.920000000 — 54.917627408362 – 49.507578108633

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