LTC/USDT – 1H – SELL

The combination Litecoin/Tether (LTC/USDT) jumps from the bullish trendline down.

A bearish trend down to the next support line at 130.000000000 is considered certain.

Caution: A possible change in the direction of the resistance line at 147.060000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 117.505 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 147.060000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Black Crows’ candlestick pattern is found. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

Download LTC/USDT Signal Image

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows