LTC/USDT – 30M – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.
The currency pair Litecoin/Tether (LTC/USDT) jumps from the bullish trendline downwards
A bearish trend down to the next support line at 114.000000000 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 121.470000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.
In addition a ‘Southern Doji’ chart pattern is detected. The chart forms ‘Southern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 121.470000000 |
| Current Price | 119.130000000 |
| Next Low | 114.000000000 |
| 2nd Low | 99.660000000 |
| 3rd Low | 98.200000000 |
121.470000000 – 120.170000000 – 114.180000000 – 114.000000000 – 99.660000000 – 100.040000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern