LTC/USDT – 30M – SELL

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

A continuation of the bearish trend downwards to the next support level at 69.61 will continue.

Caution: A possible change in the direction of resistance at 71.73 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 67.78848 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 71.73 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Outside Down’ chart pattern is detected. The candles form ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

71.73 – 71.27 – 75.56 – 69.61 – 65.58 – 74.34 —
71.320000000 – 71.050000000 —
53.343220373862 – 51.629292930019 —
– —
71.73000 – 1768851000

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