LTC/USDT – 30M – SELLMoreover a ‘Falling Wedge Chart Pattern’ chart layout is found. The formation shows ‘Falling Wedge Chart Pattern’. this is a bullish signal. The currency pair is likely to rise.
The combination Litecoin/Tether (LTC/USDT) jumps from the ascending trendline downwards
A bearish movement downwards to the next support level at 87.590000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 97.680000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘Bearish Engulfing’ chart pattern is discovered. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.030000000 |
| 2nd High | 98.950000000 |
| Next High | 97.680000000 |
| Current Price | 90.020000000 |
| Next Low | 87.590000000 |
| 2nd Low | 86.710000000 |
| 3rd Low | 86.590000000 |
89.540000000 – 88.120000000 – 88.460000000 – 87.590000000 – 86.710000000 – 86.590000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Bearish Engulfing