LTC/USDT – 30M – SELLNext a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The combination Litecoin/Tether (LTC/USDT) jumps from the ascending trendline downwards
A descent down to the next support at 67.75 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 70 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘StochOSC Hidden Bearish Divergence’ indicator layout is existing. The indicator shows ‘StochOSC Hidden Bearish Divergence’. Dieses ist oftmals ein bearisches chart scenario. Das Paar wird voraussichtlich nach unten gehen.
Next a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 68.49 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 70 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Two Crows’ candle pattern is found. The chart forms ‘Two 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 success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 71.73 |
| 2nd High | 70.06 |
| Next High | 70 |
| Current Price | 69.130000000 |
| Next Low | 67.75 |
| 2nd Low | 67.03 |
| 3rd Low | 66.98 |
70 – 68.98 – 68.87 – 67.75 – 68.35 – 67.03 —
69.820000000 – 69.920000000 —
69.748290070216 – 66.352544218083 —
– —
70.00000 – 1769437800
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –