LTC/USDT – 30M – SELL

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

A bearish trend downwards to the next support at 115.380000000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 122.730000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 114.26 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 122.730000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Black Crows’ candlestick pattern is detected. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

Download LTC/USDT Signal Image

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