LTC/USDT – 1H – SELLBesides a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.
The pair Litecoin/Tether (LTC/USDT) moves from the ascending trendline downwards
A descent down to the next support level at 98.8 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 109.94 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Southern Doji’ candle chart pattern is detected. The chart forms ‘Southern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 140.17 |
| 2nd High | 135.99 |
| Next High | 109.94 |
| Current Price | 109.980000000 |
| Next Low | 98.8 |
| 2nd Low | 98.02 |
| 3rd Low | 85.95 |
109.94 – 104.85 – 89.97 – 98.8 – 98.02 – 85.95 — 63.908702184242 – 63.032447820184 — 77.284667352542 – 64.67823540559 – 86.234254402211 – 75.841190552654
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –