LTC/USDT – 1H – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.
The pair Litecoin/Tether (LTC/USDT) moves from the bullish trendline down.
A bearish trend down to the next support level at 58.94 will persist.
Caution: A possible counter-trend in the direction of resistance at 61.17 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Tweezers Top’ chart pattern is found. The candles form ‘Tweezers Top’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 70.49 |
| 2nd High | 66.02 |
| Next High | 61.17 |
| Current Price | 59.810000000 |
| Next Low | 58.94 |
| 2nd Low | 56.51 |
| 3rd Low | 55 |
61.17 – 59.73 – 66.02 – 58.94 – 56.51 – 55 —
60.190000000 – 60.230000000 —
50.341266769904 – 53.650010237812 —
– —
61.17 – 1770048000
Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Tweezers Top – Rising Wedge Chart Pattern – –