LTC/USDT – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.

The combination Litecoin/Tether (LTC/USDT) goes from the bullish trendline downwards

A bearish descent down to the next support at will persist.

Caution: A possible reversal of the trend in the direction of the resistance line at 122.290000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair could go down.

Next a ‘Last Engulfing Top’ candlestick pattern is found. The candles show ‘Last Engulfing Top’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

122.290000000 – 119.860000000 – 117.120000000 – 112.800000000 – 112.590000000 – 112.730000000

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern –