LTC/USDT – 1H – SELL

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 56.28 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support zone at 58.23 should always be considered.
Consider stop-loss settings accordingly.

Moreover a ‘Three Black Crows’ candlestick chart pattern is found. The chart forms ‘Three Black Crows’. 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 likelyhood of ‘Three Black Crows’ going down is 82%.

58.23 – 58.97 – 59.33 – 56.39 – 56.28 – 57.05 —
57.500000000 – 57.710000000 —
51.440580938109 – 50.242208481835 —
– —
58.23 – 1778844600

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