LTC/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support line at is expected.

Caution: A possible change in the direction of the resistance zone at 81.78 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The pair is likely to go down.

And also a ‘%K crosses below %D’ indicator layout is detected. The indicator shows ‘%K crosses below %D’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 78.74152 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 81.78 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Outside Down’ candlestick chart pattern is discovered. The chart shows ‘Three Outside Down’. which is a negative signal. 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).

81.78 – 82.42 – 81.99 – 77.74 – 81.05 – 80.88 — 52.502283236109 – 52.388672610244 — 93.08876618401 – 86.087478572726 – 90.729242376166 – 90.988501415123

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –