LTC/USDT – 1H – SELL

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The pair is likely to go down.

Furthermore a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 54.84 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 56.03 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Outside Down’ candlestick pattern is existing. The candles form ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

56.03 – 55.64 – 55.99 – 54.99 – 54.84 – 54.9 —
56.240000000 – 55.940000000 —
67.82717809048 – 58.384622924614 —
– —
56.03 – 1777662000

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –