LTC/USDT – 30M – SELL

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

A descending movement downwards to the next support line at 118.360000000 will continue.

Caution: A possible counter-trend in the direction of resistance at 131.990000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘RSI fall below 70’ indicator layout is existing. The indicator is ‘RSI fall below 70’. which is often a bearish signal. The pair is likely to go down.

Moreover a ‘StochRSI fall below 80’ indicator layout is existing. The indicator is ‘StochRSI fall below 80’. which is often a bearish signal. The pair is likely to go down.

Moreover a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend will continue. Current target is 128.77332 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 131.990000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Outside Down’ chart pattern is existing. The candles form ‘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 success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

131.990000000 – 121.520000000 – 128.150000000 – 118.360000000 – 118.440000000 – 119.560000000 — 59.074866390042 – 55.735751522798

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –