LTC/USDT – 30M – BUY

The combination Litecoin/Tether (LTC/USDT) moves from the ascending trendline down.

A bearish descent down to the next support at 104.610000000 will persist.

Caution: A possible reversal of the trend in the direction of the resistance line at 114.900000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend will persist. Target of the current trend is 107.34278 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 114.900000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Concealing Baby Swallow’ candle chart pattern is found. The chart shows ‘Concealing Baby Swallow’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Concealing Baby Swallow’ going down is 75% (Bull Market).

Download LTC/USDT Signal Image

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Concealing Baby Swallow