Then a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The currency pair Litecoin/Tether (LTC/USDT) jumps from the bullish trendline downwards
A bearish movement downwards to the next support line at 92.670000000 is expected.
Caution: A possible trend reversal in the direction of resistance at 98.320000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.030000000 |
| 2nd High | 98.950000000 |
| Next High | 98.320000000 |
| Current Price | 93.140000000 |
| Next Low | 92.670000000 |
| 2nd Low | 85.160000000 |
| 3rd Low | 84.750000000 |
98.320000000 – 96.580000000 – 88.280000000 – 92.670000000 – 94.520000000 – 85.160000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – – Rising Wedge Chart Pattern