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SYMMETRICAL TRIANGLE
Litecoin
LTC/USD
1H
A symmetrical triangle is identified, the price is going to break out.
A symmetrical triangle can be thought of as a compelling bullish price action indicator that can be used to predict a bullish price move when price breaks out to the the upside.
Ltcusd to have better chances of advancing towards 54.4.
ASCENDING TRIANGLE
Litecoin
LTC/USD
1H
There is an ascending triangle encountered, the price is close to breaking out.
When price breaks below support, the move could spot prices are likely to keep falling downward.
Ltcusd to accomodate to 53.6 while lower than 53.75.
FALLING WEDGE
Litecoin
LTC/USD
4H
It looks like the price establishes a falling wedge and the price wants a move to confirm falling wedge breakout.
A falling wedge tends to be a technical bullish chart pattern with a downward bias that is used to predict a downward trend is nearing its end when price breaks out to the the upside.
It is not ruled out that a rangebound towards the 55 zone will take place on a breakout of the falling wedge.
RISING WEDGE
Litecoin
LTC/USD
1H
We can see that a rising wedge is close to being finished and the price breaks out soon.
A rising wedge denotes a specific price signal that is used to spot that the price to go short when price breakdown occurs.
There is a probability of a bearish price action towards the 53.8 level.
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
A descending channel has been identified, the price is breaking out.
A descending channel results in a change in price direction once price breaks out to the the upside.
Ltcusd to jump to 54 as bulls looking for profit.
ASCENDING CHANNEL
Litecoin
LTC/USD
1D
The price completes an ascending channel.
In case if price breaks below support, the move could signal a bearish price action.
Corrective downside to the 54 zone looks likely.
BEARISH FLAG
Litecoin
LTC/USD
1H
There is a bearish flag uncovered and the price needs a further move for the certainty of breakout.
A bearish flag provides a specific signal that is used to predict a next move down once price breaks below support.
Ltcusd pulls away from recent highs to 55.8 on impulse below 55.9.
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
A descending channel has been discovered, ltcusd expects a next steady move as a signal of a breakout.
A descending channel describes a price pattern that results in a bullish move if price breaks out.
Ltcusd challenges a move towards 57 on a breakout of the descending channel.
DESCENDING TRIANGLE
Litecoin
LTC/USD
1H
As we can see a descending triangle is very close to being finished.
A descending triangle typically identifies the more likely potential of rising prices in case if price breaks through the resistance.
There is a chance of a move towards the 56.5 level as outlook for ltcusd stays positive.
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