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Litecoin · LTC/USD

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Litecoin: Descending Triangle

LTC/USD, 1 hour    LONG Mar 29
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: 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
There is an ascending channel turning up, LTC/USD lacks a bigger move as a signal of a breakdown. An ascending channel can be thought of as a specific bearish formation that is angled up that can be used to spot a further move down if price breaks through the support. LTC/USD to extend the fall towards 76 on a breach of 77.2.

Litecoin: Bearish Flag

LTC/USD, 1 day    SHORT Jun 8
As we can see a bearish flag is close to being complete, the price breaks out. A bearish flag is a specific price formation that is used to identify that the price to go down when price breaks out. A bearish continuation to 82 looks possible on a breach of 83.

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 Triangle

LTC/USD, 1 day    SHORT Jun 12
It seems like a descending triangle is spotted and the price breaks out soon. A descending triangle is a technical price action indicator that often results in the more likely potential of falling prices once price breaks out to the the downside. LTC/USD risks a move towards the 76 zone as LTC/USD loses bullish momentum.

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.
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