LTC/USDT – 1H – SELL

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

A descent downwards to the next support line at 85.160000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 98.950000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Black Crows’ candle pattern is found. The candles form ‘Three Black Crows’. this is a bearish 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’ going down is 82%.

88.280000000 – 92.290000000 – 88.490000000 – 85.160000000 – 85.650000000 – 84.750000000

Trading Signals: FOREX – LTC – LTC/USDT – USDT – Three Black Crows – Double top chart pattern