LTC/USDT – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.

The combination Litecoin/Tether (LTC/USDT) jumps from the ascending trendline down.

A descending movement downwards to the next support level at 114.910000000 is expected.

Caution: A possible change in the direction of the resistance line at 118.120000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 116.94236 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 118.120000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Black Crows’ candle pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

118.120000000 – 115.870000000 – 115.790000000 – 114.910000000 – 113.130000000 – 113.760000000 — 49.207614836406 – 46.522153671816

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –