LTC/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support at 109.290000000 is certain.

Caution: A possible change in the direction of the resistance zone at 114.620000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The pair is likely to go down.

In addition a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

In addition a ‘Three Outside Down’ candlestick chart pattern is found. The candles form ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. 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).

111.270000000 – 114.620000000 – 116.270000000 – 109.290000000 – 108.300000000 – 111.440000000 — 54.285909945253 – 53.131700918673

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – – –