LTC/USDT – 1H – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.
The pair Litecoin/Tether (LTC/USDT) goes from the bullish trendline down.
The bearish trend down to the next support level at 111.230000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 115.410000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Last Engulfing Top’ candlestick chart pattern is found. The candles show ‘Last Engulfing Top’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ going 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 | 113.350000000 |
| 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 – 46.303571035156
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern – –