LTC/USDT – 30M – SELL

The pair Litecoin/Tether (LTC/USDT) goes from the bearish trendline down.

A continuation of the bearish trend down to the next support at 117.140000000 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 123.200000000 is also possible.
Consider stop-loss settings accordingly.

Moreover a ‘Three Inside Down’ chart pattern is discovered. The candles form ‘Three Inside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

123.200000000 – 120.810000000 – 123.270000000 – 117.140000000 – 116.550000000 – 119.260000000 — 58.885782981414 – 53.509805064484

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Inside Down – Double bottom retreat down – –