LTC/USDT – 1H – SELL

The combination Litecoin/Tether (LTC/USDT) moves from the ascending trendline downwards

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

Caution: A possible reversal of the trend in the direction of the resistance level at 115.430000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 104.50282 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 115.430000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Outside Down’ candlestick chart pattern is discovered. The candles form ‘Three Outside Down’. 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 chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

115.430000000 – 122.290000000 – 122.000000000 – 106.580000000 – 112.590000000 – 114.000000000 — 39.437615068504 – 38.607926569219

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern –