LTC/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 112.590000000 is certain.

Caution: A possible reversal of the trend in the direction of resistance at 117.120000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Next a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Next a ‘Three Black Crows’ candlestick pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

117.120000000 – 122.000000000 – 121.470000000 – 112.590000000 – 112.730000000 – 114.000000000

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