LTC/USDT – 1H – SELL

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

A bearish trend down to the next support line at 96.620000000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 122.730000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 96.62 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 122.730000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Black Crows’ candle pattern is existing. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

Download LTC/USDT Signal Image

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