LTC/USDT – 4H – SELL

The pair jumps from the ascending trendline downwards

A descending movement downwards to the next support line at 64.450000000 is certain.

Caution: A possible reversal of the trend in the direction of resistance at 74.380000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 73.12908 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 74.380000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘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%.

Download LTC/USDT Signal Image

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT