LTC/USDT – 1H – SELL

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

A continuation of the downtrend down to the next support line at 100.560000000 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 135.900000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 100.56 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 135.900000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Evening Star’ candle chart pattern is existing. The chart shows ‘Evening Star’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Evening Star’ going down is 72% (Bull & Bear Market).

Download LTC/USDT Signal Image

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Evening Star