LTC/USDT – 30M – SELL

The pair Litecoin/Tether (LTC/USDT) jumps from the bearish trendline downwards

A continuation of the downtrend down to the next support at 113.200000000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 115.870000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 113.06224 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 115.870000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Three Outside Down’ candle chart pattern is found. The candles show ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

115.870000000 – 115.790000000 – 115.230000000 – 113.760000000 – 113.200000000 – 112.000000000 — 43.63983036417 – 36.178214980043

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – Double top chart pattern – –