LTC/USDT – 1H – SELL

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

The bearish trend down to the next support level at 118.360000000 is expected.

Caution: A possible change in the direction of the resistance line at 133.990000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 118.25 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support level at 133.990000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Three Inside Down’ candlestick pattern is discovered. The chart forms ‘Three Inside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

133.990000000 – 134.190000000 – 128.150000000 – 128.900000000 – 118.360000000 – 122.070000000 — 31.219852156693 – 29.114282728321

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