LTC/USDT – 30M – SELL

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

A descending movement downwards to the next support line at 115.380000000 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 122.730000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 114.26 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support line at 122.730000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Black Crows’ candle pattern is existing. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

Download LTC/USDT Signal Image

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