There is also a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.
The pair Litecoin/Tether (LTC/USDT) jumps from the bullish trendline downwards
A descent down to the next support level at 128.900000000 will persist.
Caution: A possible change in the direction of the resistance zone at 134.190000000 could be enabled.
Consider stop-loss settings accordingly.
There is also a ‘Three Black Crows’ candlestick chart pattern is existing. The candles show ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 134.190000000 |
| Current Price | 130.400000000 |
| Next Low | 128.900000000 |
| 2nd Low | 118.360000000 |
| 3rd Low | 118.250000000 |
134.190000000 – 128.150000000 – 126.140000000 – 128.900000000 – 118.360000000 – 122.070000000 — 52.751099316798 – 48.818280511485
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –