LTC/USDT – 1H – SELL

The pair Litecoin/Tether (LTC/USDT) moves from the ascending trendline downwards

A descending movement down to the next support level at 114.000000000 is considered certain.

Caution: A possible change in the direction of resistance at 122.000000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 108.78 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 122.000000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Two Crows’ candlestick chart pattern is detected. The candles form ‘Two Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

122.000000000 – 112.390000000 – 97.990000000 – 114.000000000 – 99.660000000 – 100.040000000

Trading Signals: FOREX – LTC – LTC/USDT – USDT – Two Crows – Rising Wedge Chart Pattern