LTC/USDT – 1H – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
The pair Litecoin/Tether (LTC/USDT) jumps from the bullish trendline downwards
A bearish trend down to the next support at is certain.
Caution: A possible change in the direction of resistance at 84.89 could happen.
Consider stop-loss settings accordingly.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair is likely to fall.
In addition a ‘Southern Doji’ candle pattern is existing. The candles show ‘Southern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 87.8 |
| 2nd High | 86.77 |
| Next High | 84.89 |
| Current Price | 81.530000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
84.89 – 84.57 – 83.68 – 81.16 – 81.44 – 76.08 — 35.811626352573 – 35.591598267159 — 0 – 0 – 0 – 0
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –