LTC/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at 83.550000000 will persist.

Caution: A possible change in the direction of the resistance line at 85.540000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 84.75 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 85.540000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Outside Down’ candlestick pattern is found. The candles show ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going 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