LTC/USDT – 30M – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The currency pair Litecoin/Tether (LTC/USDT) jumps from the ascending trendline downwards
A bearish movement downwards to the next support line at 108.710000000 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 112.230000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bearish Belt Hold’ chart pattern is detected. The candles show ‘Bearish Belt Hold’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 113.940000000 |
| 2nd High | 113.000000000 |
| Next High | 112.230000000 |
| Current Price | 110.980000000 |
| Next Low | 108.710000000 |
| 2nd Low | 106.380000000 |
| 3rd Low | 103.160000000 |
112.230000000 – 112.010000000 – 113.000000000 – 108.710000000 – 106.380000000 – 107.240000000 — 53.305992026867 – 48.606215602194
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –