LTC/USDT – 1H – SELLNext a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The currency pair Litecoin/Tether (LTC/USDT) goes from the bullish trendline downwards
A bearish trend down to the next support level at 111.230000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 115.410000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Last Engulfing Top’ candlestick chart pattern is existing. The chart shows ‘Last Engulfing Top’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 124.770000000 |
| 2nd High | 116.270000000 |
| Next High | 115.410000000 |
| Current Price | 113.170000000 |
| Next Low | 111.230000000 |
| 2nd Low | 109.500000000 |
| 3rd Low | 108.710000000 |
115.410000000 – 115.120000000 – 113.500000000 – 111.230000000 – 109.500000000 – 108.710000000 — 47.98503669021 – 44.547437954488
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern – –