LTC/USDT – 4H – SELL

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

A bearish movement down to the next support level at 106.580000000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 122.290000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘StochRSI cross above 20’ indicator layout is detected. The indicator is ‘StochRSI cross above 20’. which could be a positive chart signal. The pair is likely to go up.

Furthermore a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 113.52732 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 122.290000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Two Crows’ candle pattern is detected. The chart shows ‘Two 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 likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

116.380000000 – 122.290000000 – 122.000000000 – 106.580000000 – 99.660000000 – 91.200000000 — 64.802686909357 – 61.068082717734

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