Then a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.
The currency pair Litecoin/Tether (LTC/USDT) moves from the bullish trendline down.
The bearish trend down to the next support line at is certain.
Caution: A possible reversal of the trend in the direction of resistance at 98.320000000 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.030000000 |
| 2nd High | 98.950000000 |
| Next High | 98.320000000 |
| Current Price | 93.450000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
98.320000000 – 96.580000000 – 88.280000000 – 92.460000000 – 92.670000000 – 94.520000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – – Rising Wedge Chart Pattern