LTC/USDT – 30M – SELL

The combination Litecoin/Tether (LTC/USDT) jumps from the bearish trendline downwards

A continuation of the downward movement down to the next support level at 96.830000000 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 103.050000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 99.94 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 103.050000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Two Crows’ candle chart pattern is existing. The chart forms ‘Two Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

Download LTC/USDT Signal Image

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Two Crows