LTC/USDT – 30M – SELL

In addition a ‘Double bottom retreat down’ chart formation is found. The chart forms ‘Double bottom retreat down’. this is a bearish chart scenario. The currency pair is likely to fall.

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

A bearish movement down to the next support at 94.520000000 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 97.680000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Two Crows’ chart pattern is detected. The chart forms ‘Two Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

96.580000000 – 88.280000000 – 89.200000000 – 94.520000000 – 85.160000000 – 85.970000000

Trading Signals: FOREX – LTC – LTC/USDT – USDT – Two Crows – Double bottom retreat down