LTC/USDT – 30M – SELL

Additionally a ‘Double top chart pattern’ chart pattern is discovered. The formation shows ‘Double top chart pattern’. which is a negative pattern signal. The currency pair is likely to fall.

The pair Litecoin/Tether (LTC/USDT) jumps from the descending trendline down.

A continuation of the bearish trend down to the next support line at 93.870000000 is considered certain.

Caution: A possible change in the direction of the resistance line at 97.990000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 94.37 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 97.990000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Two Crows’ candlestick chart pattern is detected. The candles form ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

97.990000000 – 96.880000000 – 95.310000000 – 95.990000000 – 93.870000000 – 90.750000000

Trading Signals: FOREX – LTC – LTC/USDT – USDT – Two Crows – Double top chart pattern