LTC/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support level at is likely expected.

Caution: A possible counter-trend in the direction of resistance at 123.200000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The pair is likely to go down.

Additionally a ‘Two Crows’ candle chart pattern is existing. The chart shows ‘Two 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 success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

123.200000000 – 120.810000000 – 123.270000000 – 117.140000000 – 116.550000000 – 119.260000000 — 51.51373170628 – 46.711546991181

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