LTC/USDT – 4H – SELL

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

A descent down to the next support level at 113.370000000 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 119.470000000 should always be considered.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair could go down.

Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Moreover a ‘Three Black Crows’ candlestick chart pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

119.470000000 – 120.830000000 – 118.730000000 – 113.370000000 – 111.920000000 – 109.500000000 — 44.989360199047 – 34.487333034765

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Double top chart pattern – –