LTC/USDT – 4H – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

The combination Litecoin/Tether (LTC/USDT) moves from the bullish trendline downwards

A descending movement downwards to the next support level at 53.26 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 56.8 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘On Neck’ candle chart pattern is detected. The chart forms ‘On Neck’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).

56.8 – 56.59 – 58.71 – 53.26 – 53.03 – 54.59 —
53.900000000 – 54.110000000 —
40.627294254076 – 43.036988705046 —
– —
56.8 – 1774468800

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – On Neck – Rising Wedge Chart Pattern – –