Then a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The combination Litecoin/Tether (LTC/USDT) goes from the ascending trendline down.
A bearish descent down to the next support level at 113.940000000 is expected.
Caution: A possible change in the direction of the resistance zone at 115.410000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three Black Crows’ candle pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 124.770000000 |
| 2nd High | 116.270000000 |
| Next High | 115.410000000 |
| Current Price | 114.080000000 |
| Next Low | 113.940000000 |
| 2nd Low | 111.500000000 |
| 3rd Low | 111.230000000 |
115.410000000 – 113.360000000 – 115.120000000 – 113.940000000 – 111.500000000 – 111.230000000 — 50.865434907502 – 45.036505581078
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –