LTC/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support level at 108.710000000 is expected.

Caution: A possible counter-trend in the direction of resistance at 113.000000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Three Outside Down’ chart pattern is existing. The chart shows ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

113.000000000 – 111.350000000 – 111.910000000 – 108.710000000 – 106.380000000 – 107.240000000 — 50.485397788167 – 46.772447399834

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – – –