LTC/USDT – 30M – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.

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

A bearish descent down to the next support level at 82.82 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 84.57 is within the realm of possibility.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.

Besides a ‘%K crosses below %D’ indicator signal is existing. The indicator is ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair could go down.

Besides a ‘Resistance Level’ indicator signal is existing. The indicator is ‘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 0.79-Level.Continuation of the current descending trend is certain. Current target is 81.805 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 84.57 is within the realm of possibility.
Consider stop-loss settings accordingly.

Besides a ‘Three Outside Down’ chart pattern is found. The chart shows ‘Three Outside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

84.57 – 83.68 – 83.17 – 82.82 – 81.44 – 81.65 — 46.078831155721 – 44.804662622193 — 22.362258953168 – 15.030991735537 – 19.857991430436 – 19.918503213958

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