LTC/USDT – 30M – SELL

Additionally a ‘Inverse Head and Shoulder chart pattern’ chart formation is discovered. The chart shows ‘Inverse Head and Shoulder chart pattern’. this is a bullish pattern signal. The pair is likely to go up.

The combination Litecoin/Tether (LTC/USDT) jumps from the descending trendline downwards

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

Caution: A possible trend reversal in the direction of the resistance zone at 75.36 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 73.495 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 75.36 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart forms ‘Three Black Crows’. 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 chance of ‘Three Black Crows’ heading down is 82%.

75.36 – 75.24 – 76.07 – 73.96 – 73.84 – 70.92 — 44.769619415105 – 42.262383034703 — 51.457307060755 – 24.818203143326 – 53.087614356087 – 47.263273125342

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Inverse Head and Shoulder chart pattern – –