LTC/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support at 107.210000000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 109.630000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.

In addition a ‘RSI fall below 30’ indicator signal is detected. The indicator is ‘RSI fall below 30’. which could be a negative chart scenario. The currency pair could go down.

In addition a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

In addition a ‘Two Crows’ chart pattern is detected. The chart forms ‘Two Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

109.630000000 – 115.470000000 – 115.470000000 – 107.210000000 – 106.740000000 – 113.620000000 — 46.708893502679 – 44.619247376463

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Two Crows – Triple top chart pattern –