Then a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.
The currency pair Litecoin/Tether (LTC/USDT) jumps from the ascending trendline downwards
A bearish movement down to the next support level at 128.900000000 will continue.
Caution: A possible trend reversal in the direction of resistance at 134.190000000 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.
Then a ‘Three Outside Down’ chart pattern is detected. The chart forms ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 134.190000000 |
| Current Price | 130.400000000 |
| Next Low | 128.900000000 |
| 2nd Low | 128.580000000 |
| 3rd Low | 118.360000000 |
134.190000000 – 131.990000000 – 121.520000000 – 128.900000000 – 128.580000000 – 118.360000000 — 46.708405552984 – 41.993391173518
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –