LTC/USDT – 30M – SELL

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

A bearish movement downwards to the next support line at 115.380000000 is certain.

Caution: A possible change in the direction of resistance at 122.730000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

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 change in the direction of the support zone at 122.730000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Black Crows’ candlestick chart pattern is existing. The chart shows ‘Three Black Crows’. which is a bearish 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’ going down is 82%.

Download LTC/USDT Signal Image

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