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Litecoin · LTC/USD

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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 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: Descending Channel

LTC/USD, 1 hour    LONG 25 hours ago
There is a descending channel poping up, LTC/USD wants more push up to confirm descending channel breakout. A descending channel typically indicates a move up once price breaks through the resistance. A bullish move towards 88 is on the way as indicators turn bullish.

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: 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: Symmetrical Triangle

LTC/USD, 1 hour    SHORT Jun 4
There is a symmetrical triangle found, the price demands pullback to confirm a breakout. A symmetrical triangle can be thought of as a compelling signal that is used to spot a sharp decline once price breakdown occurs. LTC/USD risks extra downside towards 95.

Litecoin: Ascending Channel

LTC/USD, 1 hour    SHORT Jun 10
There is an ascending channel encountered, the price is close to breaking out soon. An ascending channel denotes a specific bearish indicator that can be used to spot a break in the price direction once price breaks out to the the downside. LTC/USD accelerates losses to 88 as weakness continues.

Litecoin: Ascending Channel

LTC/USD, 1 hour    SHORT Jan 2
It looks like an ascending channel is revealed and LTC/USD requires next active fall as a clue of a breakdown. An ascending channel represents a useful bearish price action formation with an upward bias that is used to predict price heading to a new direction in case if price breakdown occurs. LTC/USD risks further downside towards 72 once below 73.2 as LTC/USD probes 73.2 hurdle.

Litecoin: Descending Channel

LTC/USD, 1 hour    LONG Jun 29
There is a descending channel occuring. A descending channel is considered to be a bullish price signal that can be used to spot that prices are likely to keep rallying upward in case if price breaks out. LTC/USD to look for a further push towards 86 as the cryptocurrency sticks to the positive mood.

Litecoin: Ascending Channel

LTC/USD, 1 hour    SHORT Feb 20
An ascending channel is close to being completed and the price needs more strong push down as evidence of a breakdown. An ascending channel suggests a price action formation that can be used to signal a move down if price collapses through the support line. A further bearish push down towards 70.6 looks probable.

Litecoin: Ascending Channel

LTC/USD, 1 hour    SHORT Nov 21
The price gives an ascending channel, LTC/USD demands a further steady move for clear breakdown confirmation. An ascending channel suggests a technical price formation that has an upward slope that often identifies a temporary interruption during a rising market once price breaks down. LTC/USD to plummet towards 68.5 on a breach of 69.1 as indicators favor bears.
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