LTC/USDT – 30M – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.

The pair Litecoin/Tether (LTC/USDT) moves from the bullish trendline down.

A bearish movement downwards to the next support at 122.880000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 128.150000000 could occur.
Consider stop-loss settings accordingly.

Moreover a ‘StochRSI fall below 80’ indicator signal is found. The indicator shows ‘StochRSI fall below 80’. which is often a bearish chart signal. The pair is likely to go down.

Moreover a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 123.2 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 128.150000000 could occur.
Consider stop-loss settings accordingly.

Moreover a ‘Three Outside Down’ candle pattern is found. The chart forms ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

128.150000000 – 127.330000000 – 126.140000000 – 122.880000000 – 122.070000000 – 118.250000000 — 50.509874083917 – 45.974487899636

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –