LTC/USDT – 4H – SELL

Additionally a ‘Double top chart pattern’ chart formation is detected. The chart shows ‘Double top chart pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

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

A continuation of the downtrend down to the next support line at is expected.

Caution: A possible counter-trend in the direction of the resistance level at 134.190000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The pair is likely to go down.

Additionally a ‘Two Crows’ candle pattern is existing. The candles form ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

134.190000000 – 126.420000000 – 129.160000000 – 118.360000000 – 118.250000000 – 103.160000000 — 39.292686962576 – 38.343544099922

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Two Crows – Double top chart pattern – –