LTC/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support level at 112.800000000 will persist.

Caution: A possible change in the direction of the resistance zone at 119.860000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Resistance Level’ indicator layout is existing. 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 will persist. Current target is 117.295 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 119.860000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Two Crows’ chart pattern is discovered. The chart shows ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

119.860000000 – 117.120000000 – 122.000000000 – 112.800000000 – 112.590000000 – 112.730000000

Trading Signals: FOREX – LTC – LTC/USDT – USDT – Two Crows – Double bottom retreat down