Open:
High:
Low:
Close:
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
There is an ascending channel identified, the price breaks out.
An ascending channel tends to be a specific price action pattern that is angled up that often results in an interruption of an uptrend once price breaks out.
Ltcusd does not rule out a move to 51.5.
RISING WEDGE
Litecoin
LTC/USD
1H
As we can see a rising wedge is close to being done, the price demands a bigger bearish move for the certainty of breakdown.
A rising wedge identifies a bearish price action once price breaks below support.
There is a probability of a move towards 51.5.
PENNANT
Litecoin
LTC/USD
1H
We can see that a pennant has been encountered and the price asks for a further steady bullish action as proof of a breakout.
A pennant can be thought of as a specific bullish indicator that often indicates a next move up in case if price breaks out to the the upside.
Ltcusd to head towards the 52.5 level on a breakout of the pennant.
FALLING WEDGE
Litecoin
LTC/USD
1H
A falling wedge has been distinguished.
A falling wedge typically signals a bearish-to-bullish trend reversal once price breaks out.
Ltcusd to push up to 53.
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
It looks like an ascending channel develops and the price is ready to break out soon.
An ascending channel is considered to be a bearish chart signal that often predicts a breakdown is likely to occur in case if price breakdown occurs.
There is a chance of extra downside to the 50 mark on a breakdown of the ascending channel.
FALLING WEDGE
Litecoin
LTC/USD
1D
We can see that a falling wedge is almost finished.
A falling wedge often identifies a next move up when price breaks through the resistance.
A bullish move to the 45 mark is probable as the cryptocurrency probes 44.6 hurdle.
ASCENDING TRIANGLE
Litecoin
LTC/USD
1H
There is an ascending triangle occuring and the price lacks a further steady move as proof of a breakout.
An ascending triangle is said to depict a technical bullish pattern that predicts that the price to go up in case if price breaks out.
Ltcusd to extend its advance towards 44.7 on a breach of 44.6 as outlook for ltcusd stays positive.
PENNANT
Litecoin
LTC/USD
4H
Ltcusd creates a pennant.
A pennant spots a sharp rise when price breaks above resistance.
Ltcusd to maintain its positive tone towards the 44.6 mark once above 44.6 as ltcusd loses bearish momentum.
DESCENDING TRIANGLE
Litecoin
LTC/USD
1H
A descending triangle is detected and the price is ready to break out.
A descending triangle identifies a compelling pattern that is used to signal a further move up once price breaks through the resistance.
Ltcusd looks ready to further extend its gains to 44.7.
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