LTC/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at 115.290000000 will persist.

Caution: A possible change in the direction of the resistance level at 122.990000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 115.29 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 122.990000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Matching Low’ candlestick chart pattern is found. The candles form ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

122.990000000 – 123.200000000 – 120.810000000 – 115.290000000 – 115.310000000 – 120.470000000 — 42.70391209695 – 42.089953442795

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Matching Low – – –