LTC/USDT – 4H – SELLBesides a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The combination Litecoin/Tether (LTC/USDT) jumps from the ascending trendline down.
A descent down to the next support at 79.91 is certain.
Caution: A possible change in the direction of the resistance level at 82.42 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘%K fall below 80’ indicator signal is detected. The indicator is ‘%K fall below 80’. this is usually a bearish signal. The currency pair could go down.
Besides a ‘Three Black Crows’ chart pattern is detected. The candles form ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 87.8 |
| 2nd High | 86.77 |
| Next High | 82.42 |
| Current Price | 76.220000000 |
| Next Low | 79.91 |
| 2nd Low | 76.08 |
| 3rd Low | 75.22 |
82.42 – 80.58 – 79.49 – 79.91 – 76.08 – 76.92 — 25.616800070294 – 22.319082553411 — 2.768022181146 – 0 – 8.0617169850072 – 4.4921955226946
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –