LTC/USDT – 1H – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

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

A bearish movement downwards to the next support at 122.070000000 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 128.150000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘StochRSI fall below 80’ indicator layout is discovered. The indicator shows ‘StochRSI fall below 80’. which is often a bearish chart signal. The currency pair could go down.

Furthermore a ‘Bearish Engulfing’ chart pattern is discovered. The chart forms ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

128.150000000 – 126.140000000 – 126.350000000 – 122.070000000 – 118.250000000 – 119.320000000 — 41.419242946295 – 38.295581778197

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