LTC/USDT – 1H – SELL

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

A descending movement down to the next support line at 99.460000000 is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 106.510000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 97.54 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 106.510000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Black Crows’ candle chart pattern is detected. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

Download LTC/USDT Signal Image

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