A descending channel is close to being done, LTC/USD wants a next active bullish action as a signal of a breakout.
A descending channel can be thought of as a bullish indicator that typically signals a trend change to the upside in case if price breaks out to the the upside.
It is possible that a rangebound towards 72.5 will occur on a breakout of the descending channel as there is a chance for a upside correction.
Litecoin: Symmetrical Triangle
LTC/USD,
1 hour
LONG
Jan 10
A symmetrical triangle is nearing completion, the price requests a further bigger move as an information of a breakout.
In case if price breaks above resistance, the move could indicate a next move up.
LTC/USD to jump towards 68 on impulse above 67.6 as downside pressure seen easing.
Litecoin: Ascending Channel
LTC/USD,
1 hour
SHORT
Nov 12
It seems like an ascending channel is determined.
In case if price collapses through the support line, the resulting move could predict a tendency to break in the opposite direction.
A bearish push down towards 74 is a possibility as upside pressure seen easing.
Litecoin: Ascending Triangle
LTC/USD,
4 hours
LONG
Nov 9
There is an ascending triangle taking place.
An ascending triangle is said to depict a technical pattern that signals the bears have run out of steam when price breaks out.
A bullish run towards the 75 mark is on the cards.
Litecoin: Ascending Channel
LTC/USD,
1 hour
SHORT
Jun 4
An ascending channel is noticed.
An ascending channel tends to be a technical bearish price action signal that is used to predict a next move down in case if price breaks out.
LTC/USD turns bearish towards 88.5 as bears look for entries.
Litecoin: Descending Triangle
LTC/USD,
1 hour
SHORT
Jun 27
A descending triangle is close to being complete, LTC/USD requires a more active move as proof of a breakout.
A descending triangle tends to be a compelling pattern that can be used to identify an extension in the downward direction if price breaks below support.
There is a possibility of a bearish move towards 83.5.
Litecoin: Ascending Channel
LTC/USD,
1 hour
SHORT
Jan 7
The price shapes an ascending channel.
An ascending channel denotes a compelling price pattern that is used to predict that the price to go down if price breakdown occurs.
LTC/USD points to the downside towards 65 as the mood may get worse.
Litecoin: Pennant
LTC/USD,
1 hour
LONG
Jul 29
There is a pennant arising and the price needs a further move as an indication of a breakout.
A pennant can be thought of as a specific bullish price formation that often spots a bullish price move in case if price breaks through the resistance.
There is a possibility of a move towards the 91.4 level on impulse above 91.25.
Litecoin: Ascending Channel
LTC/USD,
1 hour
SHORT
May 5
We can see that an ascending channel has been revealed, LTC/USD demands strong fall for clear breakout confirmation.
An ascending channel tends to be a bearish price signal that is used to predict a bearish price action in case if price breaks out.
There is a chance of a bearish push down towards the 80 level as the cryptocurrency becomes capped.
Litecoin: Ascending Channel
LTC/USD,
1 hour
SHORT
Apr 18
LTC/USD completes an ascending channel, the price is close to breaking out.
If price collapses through the support line, the move could predict a move down.
A bearish continuation towards the 100 mark is possible while below 100.8.
Litecoin: Ascending Channel
LTC/USD,
4 hours
SHORT
Jul 1
There is an ascending channel materializing.
If price breaks below support, the move could signal a sharp decline.
LTC/USD to move downward to the 85 level.
Litecoin: Ascending Channel
LTC/USD,
4 hours
SHORT
Oct 26
There is an ascending channel distinguished and the price requests a further steady bearish continuation as a signal of a breakout.
In case if price breaks out, the move could predict price heading to a new direction.
LTC/USD risks extra downside towards the 66 mark as LTC/USD becomes depressed.
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Litecoin · LTC/USD