LTC/USDT – 1H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.

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

A bearish movement downwards to the next support at 111.900000000 is expected.

Caution: A possible change in the direction of the resistance level at 118.730000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 113.72 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 118.730000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Outside Down’ candlestick chart pattern is existing. The chart forms ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

118.730000000 – 115.420000000 – 115.410000000 – 111.900000000 – 111.230000000 – 109.500000000 — 57.091537668855 – 56.843433357922

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –