LTC/USDT – 1H – SELL

The pair Litecoin/Tether (LTC/USDT) goes from the ascending trendline down.

A bearish movement downwards to the next support line at 43.73 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 48.56 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Two Crows’ chart pattern is discovered. The candles show ‘Two Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

44.69 – 43.54 – 42.95 – 43.73 – 42.19 – 41.91 —
45.160000000 – 45.570000000 —
77.08997777379 – 71.1533452308 —
– —
44.69 – 1781398800

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Two Crows – – –