LTC/USDT – 1H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.

The combination Litecoin/Tether (LTC/USDT) jumps from the ascending trendline downwards

A bearish descent downwards to the next support level at 81.44 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 84.89 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The pair is likely to go down.

Next a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Next a ‘Matching Low’ candlestick chart pattern is found. The chart shows ‘Matching Low’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

84.89 – 84.57 – 83.68 – 81.44 – 76.08 – 77.62 — 48.092564384847 – 47.320526935123 — 69.424702712746 – 61.49781679673 – 71.29784466741 – 69.612829803047

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