LTC/USDT – 30M – SELL

The combination Litecoin/Tether (LTC/USDT) goes from the ascending trendline downwards

The bearish trend down to the next support level at 101.690000000 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 106.510000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 101.08 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 106.510000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Black Crows’ chart pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The currency 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