LTC/USDT – 30M – SELL

The currency pair Litecoin/Tether (LTC/USDT) moves from the ascending trendline downwards

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

Caution: A possible counter-trend in the direction of resistance at 122.730000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 114.26 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 122.730000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Black Crows’ candlestick chart pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

Download LTC/USDT Signal Image

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