LTC/USDT – 4H – SELL

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

A bearish descent down to the next support at 118.360000000 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 129.160000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Outside Down’ chart pattern is discovered. The candles form ‘Three Outside Down’. 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 probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

126.420000000 – 129.160000000 – 116.380000000 – 118.360000000 – 118.250000000 – 103.160000000 — 56.810990857423 – 52.355385673769

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – Double bottom retreat down – –