LTC/USDT – 30M – SELL

The combination Litecoin/Tether (LTC/USDT) goes from the ascending trendline down.

A bearish trend downwards to the next support line at 115.380000000 will continue.

Caution: A possible counter-trend in the direction of resistance at 122.730000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 116.35078 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 122.730000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

And also a ‘Three Black Crows’ candle chart pattern is existing. The candles show ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

Download LTC/USDT Signal Image

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