There is also a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The pair is likely to go down.
The pair Litecoin/Tether (LTC/USDT) goes from the ascending trendline down.
A bearish movement down to the next support line at 108.710000000 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 112.230000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Bearish Belt Hold’ candle chart pattern is discovered. The chart forms ‘Bearish Belt Hold’. 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 ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 113.940000000 |
| 2nd High | 113.000000000 |
| Next High | 112.230000000 |
| Current Price | 110.980000000 |
| Next Low | 108.710000000 |
| 2nd Low | 106.380000000 |
| 3rd Low | 103.160000000 |
112.230000000 – 112.010000000 – 113.000000000 – 108.710000000 – 106.380000000 – 107.240000000 — 53.305992026867 – 48.606215602194
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –