LTC/USDT – 30M – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.
The combination Litecoin/Tether (LTC/USDT) moves from the bullish trendline down.
The bearish trend down to the next support level at 93.870000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 97.990000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative signal. The pair is likely to go down.
In addition a ‘Bearish Engulfing’ candle pattern is found. The chart shows ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98.950000000 |
| 2nd High | 98.320000000 |
| Next High | 97.990000000 |
| Current Price | 95.440000000 |
| Next Low | 93.870000000 |
| 2nd Low | 90.750000000 |
| 3rd Low | 85.160000000 |
97.990000000 – 96.880000000 – 95.310000000 – 95.990000000 – 93.870000000 – 90.750000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern