LTC/USDT – 30M – SELL

The combination Litecoin/Tether (LTC/USDT) moves from the bearish trendline downwards

A continuation of the downward movement downwards to the next support at 103.160000000 is certain.

Caution: A possible counter-trend in the direction of resistance at 124.770000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 110.51 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 124.770000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three Black Crows’ chart pattern is discovered. The candles form ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

124.770000000 – 122.130000000 – 122.780000000 – 110.510000000 – 118.280000000 – 120.400000000 — 25.070257569047 – 23.874776558712

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