LTC/USDT – 30M – SELL

Additionally a ‘Double bottom retreat down’ chart formation is detected. The chart picture forms ‘Double bottom retreat down’. this is a bearish chart scenario. The currency pair is likely to go down.

The combination Litecoin/Tether (LTC/USDT) goes from the descending trendline downwards

A continuation of the downtrend downwards to the next support level at 115.34 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 118.32 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘Three Inside Down’ candlestick pattern is existing. The chart forms ‘Three Inside 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 probability of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

118.32 – 119.19 – 119.27 – 115.34 – 115.16 – 117.37 — 61.740573708941 – 57.098222573853 — 70.576565923829 – 61.028662883748 – 81.280770783424 – 71.081307298557

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Inside Down – Double bottom retreat down – –