LTC/USDT – 1H – SELL

Then a ‘Rising Wedge Chart Pattern’ chart formation is existing. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

The pair Litecoin/Tether (LTC/USDT) goes from the bullish trendline down.

The bearish trend downwards to the next support at 112.590000000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 122.290000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Last Engulfing Bottom:’ candlestick pattern is existing. The candles show ‘Last Engulfing Bottom:’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).

122.290000000 – 122.000000000 – 112.390000000 – 112.590000000 – 114.000000000 – 99.660000000

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Last Engulfing Bottom: – Rising Wedge Chart Pattern –