LTC/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support at 117.140000000 is likely expected.

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

In addition a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

In addition a ‘On Neck’ candle pattern is detected. The candles show ‘On Neck’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).

123.200000000 – 120.810000000 – 123.270000000 – 117.140000000 – 116.550000000 – 119.260000000 — 37.707131215639 – 37.15685986584

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – On Neck – Symmetrical Triangle Chart Pattern – –