LTC/USDT – 30M – SELL

Besides a ‘Symmetrical Triangle Chart Pattern’ chart formation is detected. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

The combination Litecoin/Tether (LTC/USDT) jumps from the descending trendline down.

A continuation of the downtrend downwards to the next support at will persist.

Caution: A possible counter-trend in the direction of the resistance line at 44.9 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart 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 will persist. Target of the current trend is 44.05256 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 44.9 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

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

44.9 – 45.55 – 44.9 – 44.36 – 44.33 – 44.13 —
44.820000000 – 44.650000000 —
50.381365167226 – 46.938866219516 —
– —
44.9 – 1783868400

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