LTC/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 112.800000000 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 119.860000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 117.295 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 119.860000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Matching Low’ candlestick pattern is discovered. The candles show ‘Matching Low’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

119.860000000 – 117.120000000 – 122.000000000 – 112.800000000 – 112.590000000 – 112.730000000

Trading Signals: FOREX – LTC – LTC/USDT – USDT – Matching Low –