LTC/USDT – 30M – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.

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

A descending movement downwards to the next support line at 110.810000000 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 111.910000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

Besides a ‘Bearish Engulfing’ candle pattern is discovered. The candles form ‘Bearish Engulfing’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

111.910000000 – 110.790000000 – 111.270000000 – 110.810000000 – 109.290000000 – 108.300000000 — 54.811250253598 – 49.424978081649

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