Furthermore a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.
The pair Litecoin/Tether (LTC/USDT) jumps from the bullish trendline down.
A bearish trend down to the next support level at 92.670000000 is certain.
Caution: A possible counter-trend in the direction of resistance at 98.320000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.030000000 |
| 2nd High | 98.950000000 |
| Next High | 98.320000000 |
| Current Price | 93.140000000 |
| Next Low | 92.670000000 |
| 2nd Low | 85.160000000 |
| 3rd Low | 84.750000000 |
98.320000000 – 96.580000000 – 88.280000000 – 92.670000000 – 94.520000000 – 85.160000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – – Rising Wedge Chart Pattern