LTC/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support line at 84.210000000 will continue.

Caution: A possible change in the direction of the resistance level at 86.050000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Also there is a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 83.6464 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 86.050000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Matching Low’ candle pattern is existing. The candles show ‘Matching Low’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

86.050000000 – 85.680000000 – 87.390000000 – 84.210000000 – 83.340000000 – 82.490000000

Trading Signals: FOREX – LTC – LTC/USDT – USDT – Matching Low