LTC/USDT – 30M – SELL

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

A bearish movement downwards to the next support at 124.940000000 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 135.900000000 should be noted.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 130.08 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 135.900000000 should be noted.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Black Crows’ candle pattern is existing. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

Download LTC/USDT Signal Image

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