LTC/USDT – 30M – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.
The combination Litecoin/Tether (LTC/USDT) goes from the ascending trendline downwards
A bearish trend down to the next support level at is certain.
Caution: A possible counter-trend in the direction of resistance at 98.320000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair is likely to fall.
| 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