LTC/USDT – 1H – SELL

The combination Litecoin/Tether (LTC/USDT) jumps from the descending trendline downwards

A continuation of the bearish trend downwards to the next support level at is certain.

Caution: A possible counter-trend in the direction of the resistance level at 111.270000000 could occur.
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 is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

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

111.270000000 – 114.620000000 – 116.270000000 – 109.290000000 – 108.300000000 – 111.440000000 — 61.965032770627 – 60.585891938951

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Two Crows – Double top retreat up – –