There is also a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.
The currency pair Litecoin/Tether (LTC/USDT) jumps from the ascending trendline downwards
A descent downwards to the next support line at 113.940000000 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 115.410000000 should always be considered.
Consider stop-loss settings accordingly.
There is also a ‘Three Black Crows’ candle pattern is discovered. The candles form ‘Three Black Crows’. 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 chance of ‘Three Black Crows’ going 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 – –