LTC/USDT – 1H – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.

The pair Litecoin/Tether (LTC/USDT) jumps from the bullish trendline down.

A descending movement downwards to the next support line at 118.250000000 is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 128.150000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘StochRSI fall below 80’ indicator signal is existing. The indicator shows ‘StochRSI fall below 80’. this is usually a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 117.37 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support zone at 128.150000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

128.150000000 – 126.140000000 – 126.350000000 – 122.070000000 – 118.250000000 – 119.320000000 — 35.991102694365 – 35.361525544274

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