LTC/USDT – 1H – SELL

The currency pair Litecoin/Tether (LTC/USDT) jumps from the bullish trendline downwards

A bearish movement downwards to the next support level at 101.080000000 will continue.

Caution: A possible trend reversal in the direction of resistance at 110.350000000 should be noted.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 100.38406 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of support at 110.350000000 should be noted.
Consider stop-loss settings accordingly.

Besides a ‘Three Black Crows’ candle pattern is detected. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

Download LTC/USDT Signal Image

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