LTC/USDT – 30M – SELL

Then a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.

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

The bearish trend down to the next support line at 93.870000000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 97.990000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a negative signal. The pair is likely to go down.

Then a ‘Bearish Engulfing’ chart pattern is detected. The chart forms ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

97.990000000 – 96.880000000 – 95.310000000 – 95.990000000 – 93.870000000 – 90.750000000

Trading Signals: FOREX – LTC – LTC/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern