LTC/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support at 112.170000000 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 114.590000000 could be enabled.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 111.485 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 114.590000000 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘Two Crows’ candlestick chart pattern is existing. The candles form ‘Two Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

114.590000000 – 116.270000000 – 114.790000000 – 112.170000000 – 112.770000000 – 106.700000000 — 49.861937106791 – 47.934996353503

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Two Crows – – –