LTC/USDT – 30M – SELL

Also there is a ‘Double top chart pattern’ chart pattern is detected. The chart picture forms ‘Double top chart pattern’. which is a negative pattern signal. The pair is likely to go down.

The currency pair Litecoin/Tether (LTC/USDT) jumps from the descending trendline downwards

A continuation of the downtrend down to the next support line at 93.870000000 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 97.990000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 94.37 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 97.990000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Two Crows’ candlestick pattern is found. The candles show ‘Two Crows’. this is a bearish chart scenario. 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