LTC/USDT – 1H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

The combination Litecoin/Tether (LTC/USDT) jumps from the ascending trendline down.

A descending movement down to the next support line at 42.19 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 48.56 should be noted.
Consider stop-loss settings accordingly.

Next a ‘Three Black Crows’ candlestick chart pattern is detected. The candles show ‘Three Black Crows’. which is a negative pattern signal. The currency 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’ heading down is 82%.

43.54 – 42.95 – 42.92 – 42.19 – 41.91 – 41.25 —
44.360000000 – 44.200000000 —
68.496015157836 – 57.261136156049 —
– —
43.54 – 1781276400

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –