Then a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.
The pair Litecoin/Tether (LTC/USDT) jumps from the ascending trendline down.
A bearish movement down to the next support level at 114.910000000 will persist.
Caution: A possible change in the direction of resistance at 118.120000000 could happen.
Consider stop-loss settings accordingly.
Then a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend will persist. Current target is 116.94236 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 118.120000000 could happen.
Consider stop-loss settings accordingly.
Then a ‘Three Black Crows’ candlestick pattern is found. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 124.770000000 |
| 2nd High | 120.830000000 |
| Next High | 118.120000000 |
| Current Price | 117.620000000 |
| Next Low | 114.910000000 |
| 2nd Low | 113.130000000 |
| 3rd Low | 112.000000000 |
118.120000000 – 115.870000000 – 115.790000000 – 114.910000000 – 113.130000000 – 113.760000000 — 49.207614836406 – 46.522153671816
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –