LTC/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support level at 83.550000000 will continue.

Caution: A possible trend reversal in the direction of resistance at 85.540000000 could happen.
Consider stop-loss settings accordingly.

Then a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative chart scenario. 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 will continue. Current target is 84.75 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 85.540000000 could happen.
Consider stop-loss settings accordingly.

Then a ‘Three Outside Down’ chart pattern is discovered. The chart shows ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance 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 –