LTC/USDT – 4H – SELL

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

A continuation of the downtrend down to the next support at 109.500000000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 120.830000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair could go down.

Besides a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Besides a ‘Three Outside Down’ candle pattern is detected. The chart shows ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

120.830000000 – 118.730000000 – 115.120000000 – 109.500000000 – 106.380000000 – 108.300000000 — 44.108911277425 – 38.961785973174

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –