LTC/USDT – 1H – SELL

And also a ‘Rising Wedge Chart Pattern’ chart layout is existing. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.

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

A descent down to the next support at 122.070000000 is certain.

Caution: A possible counter-trend in the direction of resistance at 128.150000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘RSI fall below 30’ indicator signal is detected. The indicator shows ‘RSI fall below 30’. this is usually a bearish chart scenario. The currency pair is likely to fall.

And also a ‘Three Black Crows’ candle pattern is discovered. The chart shows ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

128.150000000 – 126.140000000 – 126.350000000 – 122.070000000 – 118.250000000 – 119.320000000 — 36.888560102975 – 35.272241606193

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –