LTC/USDT – 1H – SELL

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

A bearish trend downwards to the next support at 99.460000000 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 110.670000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 103.725 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 110.670000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

And also a ‘Three Black Crows’ candle chart pattern is discovered. The candles form ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

Download LTC/USDT Signal Image

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