LTC/USDT – 1H – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart layout is detected. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The pair is likely to go down.
The currency pair Litecoin/Tether (LTC/USDT) jumps from the ascending trendline downwards
A bearish trend downwards to the next support line at 55.34 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 57.42 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.
Furthermore a ‘Bearish Belt Hold’ candle chart pattern is discovered. The chart shows ‘Bearish Belt Hold’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 59 |
| 2nd High | 58.71 |
| Next High | 57.42 |
| Current Price | 56.240000000 |
| Next Low | 55.34 |
| 2nd Low | 54.59 |
| 3rd Low | 53.78 |
57.42 – 56.61 – 55.27 – 55.34 – 54.59 – 54.81 —
56.730000000 – 56.590000000 —
55.792858204148 – 49.926146170137 —
– —
57.42 – 1776430800
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –