LTC/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support at is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 114.620000000 could be enabled.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair is likely to fall.

Besides a ‘Matching Low’ candlestick chart pattern is discovered. The candles form ‘Matching Low’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

114.620000000 – 116.270000000 – 124.770000000 – 111.320000000 – 112.170000000 – 106.700000000 — 52.132276945517 – 51.603288426913

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Matching Low – Double bottom retreat down – –