LTC/USDT – 30M – SELL

The currency pair Litecoin/Tether (LTC/USDT) jumps from the ascending trendline downwards

The bearish trend down to the next support level at 81.600000000 is certain.

Caution: A possible counter-trend in the direction of the resistance line at 98.490000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 85.825 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 98.490000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Black Crows’ candle chart pattern is detected. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The 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