In addition a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.
The pair Litecoin/Tether (LTC/USDT) goes from the ascending trendline down.
A descending movement down to the next support at is certain.
Caution: A possible change in the direction of the resistance level at 45.71 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 43.425 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 45.71 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 46.08 |
| 2nd High | 45.84 |
| Next High | 45.71 |
| Current Price | 44.410000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
45.71 – 45.35 – 43.86 – 43.96 – 43.1 – 42.54 —
45.210000000 – 44.960000000 —
50.408967417424 – 47.754738721875 —
– —
45.71 – 1783186200
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – – Rising Wedge Chart Pattern – –