LTC/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support level at will persist.

Caution: A possible change in the direction of the resistance line at 117.120000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair is likely to fall.

Next a ‘Three Outside Down’ candle chart pattern is discovered. The chart shows ‘Three Outside Down’. 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 probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

117.120000000 – 122.000000000 – 121.470000000 – 112.730000000 – 114.000000000 – 99.660000000

Trading Signals: FOREX – LTC – LTC/USDT – USDT – Three Outside Down – Double top chart pattern