LTC/USDT – 4H – SELL

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

A continuation of the bearish trend downwards to the next support line at 118.250000000 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 126.420000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘RSI cross above 30’ indicator signal is existing. The indicator shows ‘RSI cross above 30’. which is often a bullish signal. The pair is likely to go up.

Also there is a ‘StochRSI cross above 20’ indicator signal is existing. The indicator shows ‘StochRSI cross above 20’. which is often a bullish signal. The pair is likely to go up.

Also there is a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 114.41 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 126.420000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

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

126.420000000 – 129.160000000 – 116.380000000 – 118.250000000 – 103.160000000 – 106.580000000 — 48.266420097676 – 47.152544104335

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –