LTC/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support line at 109.290000000 is certain.

Caution: A possible trend reversal in the direction of resistance at 114.620000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bearish signal. The pair is likely to go down.

Then a ‘Three Black Crows’ chart pattern is discovered. The candles show ‘Three Black 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 success rate of a ‘Three Black Crows’ heading down is 82%.

111.270000000 – 114.620000000 – 116.270000000 – 109.290000000 – 108.300000000 – 111.440000000 — 53.854082774091 – 52.425581777993

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Inverse Head and Shoulder chart pattern – –