LTC/USDT – 30M – SELL

The currency pair Litecoin/Tether (LTC/USDT) jumps from the descending trendline down.

A continuation of the bearish trend down to the next support line at 83.550000000 is certain.

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

Additionally a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative 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 certain. 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 occur.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Outside Down’ chart pattern is discovered. The candles form ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability 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 –