There is a descending triangle encountered and LTC/USD expects a further bigger move as an information of a breakout.
A descending triangle tends to be a reliable bullish chart pattern that is used to signal the more likely potential of rising prices once price breaks out to the the upside.
It is likely that a further bullish run to 95 will happen.
Litecoin: Ascending Channel
LTC/USD,
4 hours
SHORT
4 days ago
There is an ascending channel revealed, LTC/USD requests a steady move for clear breakdown confirmation.
In case if price breaks out, the move could predict a change in price direction.
LTC/USD to move back towards the 91 zone.
Litecoin: Descending Channel
LTC/USD,
4 hours
LONG
Feb 26
We can see that a descending channel pops up.
When price breaks out, the resulting move could identify a next move up.
LTC/USD dives out bearish trendline to the 72 zone.
Litecoin: Rectangle
LTC/USD,
1 hour
SHORT
Mar 4
It seems like a rectangle is close to being finished and LTC/USD requests further bigger push down as a sign of a breakout.
A rectangle tends to be a compelling bearish indicator that identifies a move down once price breaks out.
There is a probability of a move to the 89 zone.
Litecoin: Ascending Channel
LTC/USD,
4 hours
SHORT
2 days ago
An ascending channel has been revealed, the price asks for a more bigger bearish impulse as a signal of a breakout.
An ascending channel provides a price indicator that typically spots a breakdown is likely to occur if price collapses through the support line.
LTC/USD set to lose more ground towards 91.
Litecoin: Ascending Triangle
LTC/USD,
1 hour
LONG
Jun 30
LTC/USD completes an ascending triangle.
Once price breaks out, the resulting move could predict that prices are likely to keep rallying upward.
A bullish price action to 87 stays on the cards.
Litecoin: Ascending Channel
LTC/USD,
1 hour
SHORT
Jan 31
It looks like LTC/USD gives an ascending channel and the price needs a more move as proof of a breakdown.
An ascending channel results in price reversal after a pause when price collapses through the support line.
It is possible that a rangebound towards 67 will be made.
Litecoin: Ascending Channel
LTC/USD,
1 hour
SHORT
Jul 3
An ascending channel is found and the price is going to break out soon.
An ascending channel often results in an extension in the downward direction once price breaks through the support.
It is not ruled out that a rangebound to the 74 level will happen while lower than 74.3.
Litecoin: Falling Wedge
LTC/USD,
1 hour
LONG
Dec 1
A falling wedge is close to completion and the price is close to breaking out.
A falling wedge provides a bullish chart indicator that is used to spot a bullish move when price breaks through the resistance.
It is likely that a rangebound to 103 will happen on a breach of 102.4 as weakness seen overdone.
Litecoin: Bearish Rectangle
LTC/USD,
1 hour
SHORT
Feb 24
There is a bearish rectangle forming.
A bearish rectangle typically spots an extension in the downward direction when price collapses through the support line.
LTC/USD risks further decline to 125.
Litecoin: Descending Channel
LTC/USD,
1 hour
LONG
Jun 20
There is a descending channel detected.
A descending channel typically spots the bears have run out of steam in case if price breaks out.
There is a chance of a move towards 78.5 as door open for a test of 78.5.
Litecoin: Ascending Triangle
LTC/USD,
1 hour
SHORT
2 days ago
There is an ascending triangle poping up.
An ascending triangle typically spots a sharp decline in case if price breaks through the support.
LTC/USD risks a correction towards 92 on a breakout of the ascending triangle.
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Litecoin · LTC/USD