LTC/USDT – 30M – SELLAdditionally a ‘Falling Wedge Chart Pattern’ chart layout is existing. The chart picture shows ‘Falling Wedge Chart Pattern’. this is a bullish signal. The currency pair is likely to rise.
The currency pair Litecoin/Tether (LTC/USDT) goes from the bullish trendline downwards
A bearish movement downwards to the next support line at 87.590000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 90.970000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Three Outside Down’ candle pattern is discovered. The candles show ‘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 probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98.950000000 |
| 2nd High | 97.680000000 |
| Next High | 90.970000000 |
| Current Price | 89.900000000 |
| 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 – Three Outside Down