LTC/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support line at 108.300000000 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 111.270000000 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 109.1968 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 111.270000000 is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Black Crows’ candle pattern is found. The chart forms ‘Three Black 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 probability of ‘Three Black Crows’ going down is 82%.

111.270000000 – 110.910000000 – 110.170000000 – 108.300000000 – 108.630000000 – 111.440000000 — 42.115843158749 – 39.264749350933

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – – –