LTC/USDT – 1H – SELLAlso there is a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The currency pair Litecoin/Tether (LTC/USDT) moves from the ascending trendline down.
A bearish movement down to the next support line at 111.230000000 is certain.
Caution: A possible change in the direction of resistance at 115.410000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Last Engulfing Top’ chart pattern is detected. The chart forms ‘Last Engulfing Top’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 124.770000000 |
| 2nd High | 116.270000000 |
| Next High | 115.410000000 |
| Current Price | 113.170000000 |
| Next Low | 111.230000000 |
| 2nd Low | 109.500000000 |
| 3rd Low | 108.710000000 |
115.410000000 – 115.120000000 – 113.500000000 – 111.230000000 – 109.500000000 – 108.710000000 — 47.98503669021 – 44.547437954488
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern – –