LTC/USDT – 30M – SELL

The pair Litecoin/Tether (LTC/USDT) moves from the bullish trendline downwards

A descending movement downwards to the next support level at 115.380000000 is certain.

Caution: A possible trend reversal in the direction of resistance at 122.730000000 could happen.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend 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 happen.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Black Crows’ chart pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

Download LTC/USDT Signal Image

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