LTC/USDT – 30M – SELLFurthermore a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The combination Litecoin/Tether (LTC/USDT) goes from the bullish trendline down.
A descending movement downwards to the next support line at 95.820000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 99.960000000 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘Last Engulfing Top’ candle chart pattern is existing. The chart shows ‘Last Engulfing Top’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.940000000 |
| 2nd High | 102.030000000 |
| Next High | 99.960000000 |
| Current Price | 97.630000000 |
| Next Low | 95.820000000 |
| 2nd Low | 95.100000000 |
| 3rd Low | 91.650000000 |
99.960000000 – 97.260000000 – 96.090000000 – 95.820000000 – 95.100000000 – 91.650000000
Trading Signals: FOREX – LTC – LTC/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern