LTC/USDT – 1H – SELLAnd also a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.
The combination Litecoin/Tether (LTC/USDT) jumps from the ascending trendline down.
The bearish trend down to the next support line at 111.230000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 115.410000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Last Engulfing Top’ candlestick chart pattern is found. The chart shows ‘Last Engulfing Top’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 124.770000000 |
| 2nd High | 116.270000000 |
| Next High | 115.410000000 |
| Current Price | 113.350000000 |
| Next Low | 111.230000000 |
| 2nd Low | 109.500000000 |
| 3rd Low | 108.710000000 |
115.410000000 – 115.120000000 – 113.500000000 – 111.230000000 – 109.500000000 – 108.710000000 — 47.98503669021 – 46.303571035156
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern – –