LTC/USDT – 1H – SELL

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

A bearish movement down to the next support level at 115.610000000 is expected.

Caution: A possible change in the direction of the resistance line at 120.150000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 116.87488 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 120.150000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Black Crows’ candle chart pattern is found. The candles form ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

Download LTC/USDT Signal Image

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