LTC/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support at 113.930000000 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 120.830000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

Moreover a ‘Matching Low’ candlestick pattern is existing. The chart shows ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

120.830000000 – 116.960000000 – 117.680000000 – 114.590000000 – 113.930000000 – 115.740000000 — 32.632090715029 – 31.980106481448

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern – –