LTC/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support at 52.11 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 53.2 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 51.97 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support zone at 53.2 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

53.2 – 53.12 – 52.99 – 52.26 – 52.11 – 52.57 —
52.870000000 – 52.490000000 —
57.181356681381 – 43.719391447551 —
– —
53.2 – 1779741000

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –