LTC/USDT – 1H – SELL

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

A descending movement down to the next support level at 111.230000000 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 115.120000000 could be enabled.
Consider stop-loss settings accordingly.

Additionally a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

115.120000000 – 113.500000000 – 113.000000000 – 111.230000000 – 109.500000000 – 108.710000000 — 64.462066488534 – 60.602717098633

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – – –