LTC/USDT – 30M – SELL

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

A bearish movement down to the next support level at 115.380000000 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 122.730000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 114.26 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support zone at 122.730000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘Three Black Crows’ candle pattern is found. The chart shows ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

Download LTC/USDT Signal Image

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