LTC/USDT – 1H – SELL

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

A descent downwards to the next support at 111.230000000 will persist.

Caution: A possible change in the direction of resistance at 115.120000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend will persist. Current target is 113.05736 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 115.120000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Shooting Star’ candlestick chart pattern is found. The candles form ‘Shooting Star’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).

115.120000000 – 113.500000000 – 113.000000000 – 111.230000000 – 109.500000000 – 108.710000000 — 67.836027248434 – 67.494405665268

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Shooting Star – Symmetrical Triangle Chart Pattern – –