Sell LTC/USDT – 30M – SELL

The pair Litecoin/Tether (LTC/USDT) moves from the bullish trendline down.

A descending movement down to the next support at 96.220000000 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 106.360000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 96.72 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 106.360000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Black Crows’ candlestick chart pattern is detected. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The currency 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’ going down is 82%.

Support & Resistance Price Range*
3rd High
2nd High
Next High 106.360000000
Current Price 101.030000000
Next Low 96.220000000
2nd Low 87.630000000
3rd Low 87.080000000

Download LTC/USDT Signal Image

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