And also a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.
The pair Litecoin/Tether (LTC/USDT) moves from the bullish trendline down.
The bearish trend down to the next support line at 128.900000000 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 134.190000000 could happen.
Consider stop-loss settings accordingly.
And also a ‘Three Black Crows’ candle chart pattern is discovered. The candles form ‘Three Black Crows’. which 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 chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 134.190000000 |
| Current Price | 130.400000000 |
| Next Low | 128.900000000 |
| 2nd Low | 118.360000000 |
| 3rd Low | 118.250000000 |
134.190000000 – 128.150000000 – 126.140000000 – 128.900000000 – 118.360000000 – 122.070000000 — 52.751099316798 – 48.818280511485
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –