LTC/USDT – 1H – SELL

The pair goes from the ascending trendline downwards

A descent downwards to the next support level at 68.000000000 will persist.

Caution: A possible change in the direction of the resistance zone at 82.780000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 68.68702 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of support at 82.780000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Black Crows’ candlestick chart pattern is existing. The candles show ‘Three Black Crows’. this is a bearish pattern 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%.

Download LTC/USDT Signal Image

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