LTC/USDT – 30M – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.
The currency pair Litecoin/Tether (LTC/USDT) moves from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at 84.450000000 is expected.
Caution: A possible change in the direction of the resistance level at 87.390000000 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.
Additionally a ‘Two Crows’ chart pattern is detected. The candles show ‘Two Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 94.170000000 |
| 2nd High | 89.830000000 |
| Next High | 87.390000000 |
| Current Price | 85.400000000 |
| Next Low | 84.450000000 |
| 2nd Low | 83.720000000 |
| 3rd Low | 83.340000000 |
85.600000000 – 85.330000000 – 85.680000000 – 84.450000000 – 83.720000000 – 83.340000000