LTC/USDT – 30M – SELL

The pair Litecoin/Tether (LTC/USDT) goes from the bearish trendline downwards

A continuation of the downtrend down to the next support at 84.160000000 will continue.

Caution: A possible change in the direction of the resistance level at 86.050000000 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 84.16 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 86.050000000 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘Southern Doji’ chart pattern is found. The candles form ‘Southern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

85.430000000 – 86.050000000 – 85.600000000 – 84.160000000 – 84.210000000 – 84.640000000

Trading Signals: FOREX – LTC – LTC/USDT – USDT – Southern Doji