Sell LTC/USDT – 30M – SELL

The pair Litecoin/Tether (LTC/USDT) goes from the ascending trendline downwards

A descending movement downwards to the next support line at 115.380000000 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 122.730000000 could occur.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 114.26 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support zone at 122.730000000 could occur.
Consider stop-loss settings accordingly.

Besides a ‘Three Black Crows’ candlestick pattern is existing. The chart shows ‘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 success rate of a ‘Three Black Crows’ heading down is 82%.

Support & Resistance Price Range*
3rd High 125.340000000
2nd High 124.030000000
Next High 122.730000000
Current Price 116.040000000
Next Low 115.380000000
2nd Low 114.260000000
3rd Low 106.010000000

Download LTC/USDT Signal Image

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