LTC/USDT – 1H – SELL

The pair Litecoin/Tether (LTC/USDT) jumps from the bearish trendline down.

A continuation of the downward movement down to the next support at 115.290000000 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 123.200000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Two Crows’ candle chart pattern is existing. The chart shows ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to go down. 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 – 115.290000000 – 117.140000000 – 116.550000000 — 47.965068179612 – 46.696329547839

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