LTC/USDT – 30M – SELL

The combination Litecoin/Tether (LTC/USDT) moves from the bullish trendline down.

The bearish trend down to the next support line at 115.380000000 is likely expected.

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

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 114.26 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 122.730000000 is also possible.
Consider stop-loss settings accordingly.

Besides a ‘Three Black Crows’ candlestick chart pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

Download LTC/USDT Signal Image

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