LTC/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support level at 113.600000000 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 116.270000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Black Crows’ candle chart pattern is existing. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

116.270000000 – 114.890000000 – 115.310000000 – 113.600000000 – 113.400000000 – 113.370000000 — 54.234760362162 – 51.783649975169

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – – –