LTC/USDT – 1H – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart formation is detected. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.
The pair Litecoin/Tether (LTC/USDT) moves from the ascending trendline down.
A bearish trend down to the next support at 113.130000000 will continue.
Caution: A possible trend reversal in the direction of resistance at 119.470000000 could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘Three Black Crows’ candle pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish signal. The currency 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 | 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 – –