LTC/USDT – 1H – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart layout is found. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.

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

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

Caution: A possible counter-trend in the direction of the resistance level at 128.150000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The pair is likely to go down.

Furthermore a ‘StochRSI fall below 80’ indicator layout is discovered. The indicator shows ‘StochRSI fall below 80’. which could be a negative chart scenario. The pair is likely to go down.

Furthermore a ‘Bearish Engulfing’ candlestick chart pattern is detected. The chart shows ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

128.150000000 – 126.140000000 – 126.350000000 – 122.070000000 – 118.250000000 – 119.320000000 — 39.572103361324 – 37.148001166873

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