LTC/USDT – 4H – SELL

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

A bearish trend down to the next support level at 109.500000000 is expected.

Caution: A possible change in the direction of the resistance zone at 119.470000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 109.4723 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of support at 119.470000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Black Crows’ candlestick chart pattern is discovered. 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 probability of ‘Three Black Crows’ going down is 82%.

119.470000000 – 120.830000000 – 118.730000000 – 113.370000000 – 111.920000000 – 109.500000000 — 35.640642827208 – 25.543546148935

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