LTC/USDT – 30M – SELL

The combination Litecoin/Tether (LTC/USDT) jumps from the bullish trendline down.

A descending movement downwards to the next support line at 115.380000000 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 122.730000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 114.26 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support zone at 122.730000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Three Black Crows’ candle pattern is found. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The 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’ heading down is 82%.

Download LTC/USDT Signal Image

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