LTC/USDT – 30M – SELL

The pair Litecoin/Tether (LTC/USDT) goes from the bullish trendline down.

A bearish trend down to the next support level at 115.380000000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 122.730000000 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 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.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Black Crows’ candlestick chart pattern is existing. The chart shows ‘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 likelyhood of ‘Three Black Crows’ heading down is 82%.

Download LTC/USDT Signal Image

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