LTC/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support at 83.550000000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 85.540000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 84.75 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 85.540000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Outside Down’ candle pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

85.540000000 – 85.950000000 – 85.340000000 – 83.550000000 – 83.780000000 – 84.070000000

Trading Signals: FOREX – LTC – LTC/USDT – USDT – Three Outside Down – Double top chart pattern