LTC/USDT – 1H – SELL

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

A continuation of the downward movement downwards to the next support level at 54.9 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 56.03 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 54.35 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support zone at 56.03 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Black Crows’ chart pattern is existing. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

56.03 – 55.64 – 55.99 – 54.9 – 55.04 – 54.35 —
55.420000000 – 55.400000000 —
42.935758867599 – 45.733608043357 —
– —
56.03 – 1777662000

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –