LTC/USDT – 1H – SELL

The pair Litecoin/Tether (LTC/USDT) goes from the ascending trendline down.

The bearish trend down to the next support at 84.680000000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 98.490000000 should always be considered.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 85.175 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 98.490000000 should always be considered.
Consider stop-loss settings accordingly.

Moreover a ‘Three Black Crows’ chart pattern is existing. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

Download LTC/USDT Signal Image

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows