LTC/USDT – 30M – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.

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

A descending movement down to the next support at 111.500000000 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 115.120000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.

There is also a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 110.70268 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 115.120000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Matching Low’ candle pattern is found. The candles form ‘Matching Low’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

115.120000000 – 113.500000000 – 113.310000000 – 111.500000000 – 109.500000000 – 112.150000000 — 43.575522555362 – 43.148798090357

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –