LTC/USDT – 30M – SELL

The currency pair Litecoin/Tether (LTC/USDT) jumps from the descending trendline down.

A continuation of the downward movement downwards to the next support at 114.720000000 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 120.830000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

Next a ‘Matching Low’ candle pattern is existing. The candles form ‘Matching Low’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

120.830000000 – 116.960000000 – 117.680000000 – 115.740000000 – 117.800000000 – 114.920000000 — 25.9728856632 – 25.36783246909

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –