LTC/USDT – 30M – SELL

The combination Litecoin/Tether (LTC/USDT) moves from the bullish trendline down.

A bearish movement downwards to the next support at 106.700000000 will continue.

Caution: A possible change in the direction of resistance at 114.790000000 could happen.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 110.96452 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 114.790000000 could happen.
Consider stop-loss settings accordingly.

Then a ‘Collapsing Doji Star’ candlestick chart pattern is existing. The candles show ‘Collapsing Doji Star’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Collapsing Doji Star’ going down is 63% (Bull Market).

114.790000000 – 111.350000000 – 112.660000000 – 106.700000000 – 110.510000000 – 118.280000000 — 68.815280571969 – 55.210651318713

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Collapsing Doji Star – Rising Wedge Chart Pattern – –