LTC/USDT – 30M – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.
The currency pair Litecoin/Tether (LTC/USDT) goes from the bullish trendline down.
The bearish trend downwards to the next support at 92.460000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 98.320000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.030000000 |
| 2nd High | 98.950000000 |
| Next High | 98.320000000 |
| Current Price | 93.320000000 |
| Next Low | 92.460000000 |
| 2nd Low | 85.160000000 |
| 3rd Low | 84.750000000 |
98.320000000 – 96.580000000 – 88.280000000 – 92.460000000 – 92.670000000 – 94.520000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern