LTC/USDT – 30M – SELL

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

A bearish movement downwards to the next support level at 130.080000000 will continue.

Caution: A possible counter-trend in the direction of resistance at 135.100000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 130 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 135.100000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Black Crows’ candle pattern is found. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

Download LTC/USDT Signal Image

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