LTC/USDT – 1H – SELL

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

A continuation of the downtrend down to the next support at 103.160000000 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 119.130000000 could occur.
Consider stop-loss settings accordingly.

Also there is a ‘Three Outside Down’ candlestick chart pattern is found. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

119.130000000 – 123.200000000 – 120.810000000 – 115.290000000 – 117.140000000 – 116.550000000 — 41.460549011228 – 40.239885401757

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – Double top chart pattern – –