LTC/USDT – 1H – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart formation is found. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.
The combination Litecoin/Tether (LTC/USDT) moves from the ascending trendline down.
A descending movement down to the next support level at 112.590000000 will persist.
Caution: A possible change in the direction of resistance at 122.290000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Last Engulfing Bottom:’ candle chart pattern is discovered. The candles show ‘Last Engulfing Bottom:’. which is a bearish chart scenario. 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 Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 122.290000000 |
| Current Price | 116.920000000 |
| Next Low | 112.590000000 |
| 2nd Low | 99.660000000 |
| 3rd Low | 95.560000000 |
122.290000000 – 122.000000000 – 112.390000000 – 112.590000000 – 114.000000000 – 99.660000000
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Last Engulfing Bottom: – Rising Wedge Chart Pattern –