LTC/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at 62.71 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 66.47 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 62.71 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 66.47 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Inside Down’ candle pattern is found. The candles form ‘Three Inside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

66.47 – 69.89 – 70 – 62.71 – 64.43 – 67.72 —
64.770000000 – 64.460000000 —
40.436222433436 – 42.708852919885 —
– —
66.47000 – 1769734800

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Inside Down – – –