Moreover a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.
The pair Litecoin/Tether (LTC/USDT) jumps from the ascending trendline downwards
A bearish descent down to the next support at 42.92 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 46.1 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘MACD crosses below signal’ indicator signal is found. The indicator shows ‘MACD crosses below signal’. which is often a bearish signal. The pair is likely to go down.
Moreover a ‘Bearish Engulfing’ candlestick pattern is found. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 46.36 |
| 2nd High | 46.15 |
| Next High | 46.1 |
| Current Price | 44.890000000 |
| Next Low | 42.92 |
| 2nd Low | 41.14 |
| 3rd Low | 39.28 |
46.1 – 45.55 – 46.15 – 42.92 – 43.17 – 41.14 —
45.760000000 – 45.380000000 —
54.007302790253 – 52.193725669911 —
– —
46.1 – 1784102400
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –