LTC/USDT – 30M – SELL

Next a ‘Double bottom retreat down’ chart pattern is discovered. The chart forms ‘Double bottom retreat down’. which is a bearish chart scenario. The currency pair is likely to fall.

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

A bearish descent downwards to the next support level at 94.520000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 97.680000000 could occur.
Consider stop-loss settings accordingly.

Next a ‘Two Crows’ chart pattern is detected. The candles show ‘Two Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going 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