LTC/USDT – 30M – SELL

Additionally a ‘Double top chart pattern’ chart formation is existing. The chart picture forms ‘Double top chart pattern’. which is a bearish signal. The currency pair is likely to fall.

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

The bearish trend downwards to the next support line at is certain.

Caution: A possible counter-trend in the direction of the resistance line at 122.130000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Additionally 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 is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 118.085 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 122.130000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Black Crows’ candlestick pattern is existing. The candles show ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

122.130000000 – 122.780000000 – 123.660000000 – 120.400000000 – 119.970000000 – 112.510000000 — 43.458627948621 – 37.827995200817

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