It seems like LTC/USD creates a rising wedge and LTC/USD calls for a further correction as proof of a breakout.
A rising wedge provides a bearish price pattern that can be used to predict a bearish move in case if price breaks out to the the downside.
LTC/USD could drop to 65.5 on a break below 65.8.
Litecoin: Bearish Flag
LTC/USD,
1 hour
SHORT
Dec 24
There is a bearish flag happening.
A bearish flag suggests an indicator that is used to signal a bearish price move when price breaks out to the the downside.
It is possible that extra downside to 71.5 will take place.
Litecoin: Falling Wedge
LTC/USD,
4 hours
LONG
Oct 14
There is a falling wedge turning up and the price asks for a further move as a verification of a breakout.
A falling wedge is considered to be a compelling bullish signal that predicts reversals in downtrends once price breaks out to the the upside.
It is not ruled out that a bullish continuation towards 62 will form amid rising bets for the move.
Litecoin: Ascending Channel
LTC/USD,
1 hour
SHORT
May 30
An ascending channel is nearing completion, the price requests bigger pullback as an indication of a breakout.
An ascending channel often results in a temporary interruption of an existing trend in case if price breaks down.
LTC/USD could attempt a move to 91 on a breach of 91.2.
Litecoin: Descending Channel
LTC/USD,
1 hour
LONG
Dec 5
There is a descending channel emerging, the price requires next bigger rise as evidence of a breakout.
A descending channel identifies a change in price direction if price breaks through the resistance.
LTC/USD to extend its rebound towards 73 as extra rangebound not ruled out.
Litecoin: Rectangle
LTC/USD,
1 hour
LONG
Oct 22
As we can see a rectangle emerges, LTC/USD wants a bit more consolidation as a sign of a breakout.
A rectangle describes a compelling bullish formation that can be used to indicate the bears have run out of steam in case if price breaks above resistance.
LTC/USD to increase bullish potential towards 65.5 on impulse above 65.2 as door open for the continuation of the uptrend.
Litecoin: Rectangle
LTC/USD,
4 hours
LONG
Jun 20
A rectangle is close to being complete and the price expects a further strong bullish move to confirm rectangle breakout.
A rectangle signals a sharp rise when price breaks above resistance.
A move to 79 about to be made on a break above 78.4 as LTC/USD challenges 78.4 hurdle.
Litecoin: Rising Wedge
LTC/USD,
1 hour
SHORT
Mar 27
A rising wedge materializes.
A rising wedge often spots the more likely potential of falling prices in case if price breaks through the support.
LTC/USD to continue the dereciation trend to 92.
Litecoin: Bullish Flag
LTC/USD,
1 hour
LONG
Oct 29
There is a bullish flag happening, the price is about to break out soon.
A bullish flag signals a move up when price breaks above resistance.
LTC/USD to jump to 68.2 as indicators favor bulls.
Litecoin: Bullish Flag
LTC/USD,
1 hour
LONG
Apr 3
As we can see the price composes a bullish flag, LTC/USD requires bigger rise as evidence of a breakout.
A bullish flag predicts a move up when price breaks out to the the upside.
LTC/USD to peak to 94 as indicators turn bullish.
Litecoin: Descending Channel
LTC/USD,
4 hours
LONG
Jul 10
The price gives a descending channel, LTC/USD wants a further strong move as a clue of a breakout.
A descending channel is believed to be a compelling price indicator that is used to predict a next move up when price breaks out.
It is not ruled out that a bullish price action to the 100 zone will be made on a breakout of the descending channel.
Litecoin: Ascending Channel
LTC/USD,
1 hour
SHORT
Nov 16
There is an ascending channel determined and the price is ready to break out.
An ascending channel typically signals a move down once price breaks out.
LTC/USD to fall to 72.5.
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Litecoin · LTC/USD