Then a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.
The currency pair Litecoin/Tether (LTC/USDT) goes from the bullish trendline down.
The bearish trend down to the next support line at 113.130000000 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 119.470000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three Black Crows’ candle chart pattern is detected. 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 chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 124.770000000 |
| 2nd High | 120.830000000 |
| Next High | 119.470000000 |
| Current Price | 113.830000000 |
| Next Low | 113.130000000 |
| 2nd Low | 112.000000000 |
| 3rd Low | 111.920000000 |
119.470000000 – 118.120000000 – 115.870000000 – 113.130000000 – 112.000000000 – 111.920000000 — 30.980263548867 – 30.178748906957
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –