We can see that a descending channel is close to being complete, the price is about to break out now.
A descending channel often identifies a further move up if price breaks out.
LTC/USD points to the upside towards 62.
Litecoin: Descending Channel
LTC/USD,
1 hour
LONG
Feb 10
LTC/USD establishes a descending channel.
A descending channel depicts a reliable bullish chart signal that is used to signal a next move up if price breaks above resistance.
It is not ruled out that a bullish continuation to 71 will be made as downside pressure seen easing.
Litecoin: Bearish Flag
LTC/USD,
1 hour
SHORT
May 7
It looks like a bearish flag is close to completion, the price expects an active move as an indication of a breakout.
A bearish flag denotes a bearish indicator that predicts an upward trend is about to reverse into an downward trend if price collapses through the support line.
LTC/USD set to lose more ground towards 83.5 on a breach of 84.
Litecoin: Rectangle
LTC/USD,
1 hour
LONG
Feb 8
As we can see LTC/USD composes a rectangle.
A rectangle tends to be a useful bullish price pattern that results in a next move up if price breaks above resistance.
A move towards the 68.8 mark is a possibility on a breach of 68.7 as risk reversal sheds bearish bias.
Litecoin: Descending Channel
LTC/USD,
4 hours
LONG
Oct 30
There is a descending channel identified, LTC/USD lacks a steady move for clear breakout confirmation.
If price breaks out to the the upside, the move could signal a pause in a downtrending market.
It is likely that a bullish continuation towards the 70 zone will occur amid the cryptocurrency recovers from recent lows.
Litecoin: Descending Triangle
LTC/USD,
1 hour
SHORT
Jul 4
It seems like a descending triangle occurs, the price requires a next move as evidence of a breakout.
Once price collapses through the support line, the move could predict a next move down.
LTC/USD to continue the dereciation trend to the 106 zone on a breach of 106.8 amid rising bets for the move.
Litecoin: Symmetrical Triangle
LTC/USD,
1 hour
SHORT
Jun 14
A symmetrical triangle has been observed.
A symmetrical triangle predicts extending an downtrend when price collapses through the support line.
It is likely that a further bearish continuation to 77 will form as there is a chance for a downside correction.
Litecoin: Descending Channel
LTC/USD,
1 hour
LONG
Aug 8
It seems like the price shows a descending channel and LTC/USD wants a more active move as proof of a breakout.
A descending channel is a compelling price pattern that has a downward slope that can be used to predict an interruption of a downtrend in case if price breaks through the resistance.
LTC/USD turns bullish to 83 once beyond 82.6.
Litecoin: Ascending Triangle
LTC/USD,
1 hour
SHORT
Nov 26
An ascending triangle is almost completed, the price is close to breaking out.
When price collapses through the support line, the move could identify a further move down.
LTC/USD could extend its slump towards 71.
Litecoin: Bearish Rectangle
LTC/USD,
4 hours
SHORT
Sep 1
It looks like a bearish rectangle is spotted, LTC/USD calls for a next bearish impulse as an information of a breakdown.
Once price collapses through the support line, the move could signal a bearish price move.
LTC/USD could extend its slump to 63 while below 63.8 as upside pressure mitigates.
Litecoin: Ascending Channel
LTC/USD,
1 hour
SHORT
Apr 24
Litecoin: Pennant
LTC/USD,
1 hour
LONG
Apr 18
A pennant has been spotted.
A pennant is considered to be a compelling bullish chart formation that typically predicts a further move up once price breaks out to the the upside.
It is not ruled out that a further rangebound to 100 will form.
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Litecoin · LTC/USD