LTC/USDT – 1H – SELL

The pair Litecoin/Tether (LTC/USDT) moves from the descending trendline downwards

A continuation of the downward movement downwards to the next support at 113.400000000 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 116.270000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair could go down.

Also there is a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 113.59858 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 116.270000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

116.270000000 – 115.310000000 – 119.470000000 – 113.400000000 – 113.370000000 – 113.130000000 — 54.994740832153 – 53.81108954651

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – – Triple bottom chart pattern – –