LTC/USDT – 30M – SELL

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

A bearish descent down to the next support level at 115.380000000 will continue.

Caution: A possible change in the direction of the resistance zone at 122.730000000 should always be considered.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 114.26 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support zone at 122.730000000 should always be considered.
Consider stop-loss settings accordingly.

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

Download LTC/USDT Signal Image

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