LTC/USDT – 30M – SELL

The currency pair Litecoin/Tether (LTC/USDT) jumps from the bullish trendline downwards

A bearish trend downwards to the next support level at 115.380000000 is considered certain.

Caution: A possible change in the direction of the resistance level at 122.730000000 should be noted.
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 is considered certain. Current target is 114.26 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support line at 122.730000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Black Crows’ candle chart pattern is existing. The candles show ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

Download LTC/USDT Signal Image

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