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DESCENDING CHANNEL
Litecoin
LTC/USD
1H
The price composes a descending channel, the price is ready to break out.
A descending channel denotes a useful price action formation that has a downward slope that often signals a next move up in case if price breaks out to the the upside.
A rangebound to 102 is a possibility as the cryptocurrency becomes bullish.
BEARISH RECTANGLE
Litecoin
LTC/USD
1H
As we can see a bearish rectangle is almost completed.
A bearish rectangle is said to depict a technical price formation that typically indicates a bearish move once price collapses through the support line.
Ltcusd risks extending drop to 98 on a downside break.
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
As we can see a descending channel is close to being completed and the price is going to break out soon.
A descending channel is said to depict a useful indicator that can be used to indicate a sharp rise if price breaks out.
Ltcusd hints a change to the upside towards the 104 level on a breach of 102 as there is room for a upside correction.
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
There is a descending channel diagnosed, the price is ready to break out now.
When price breaks out to the the upside, the move could predict that the price to go up.
There is a possibility of a bullish push up to 102 on a breakout of the descending channel as ltcusd becomes supported.
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
There is a descending channel coming out, ltcusd expects a further bigger move as a signal of a breakout.
A descending channel tends to be a reliable bullish price action pattern that can be used to spot price heading to a new direction when price breaks out.
Ltcusd embarks on a bullish correction to 102 on a breach of 99.5.
DESCENDING TRIANGLE
Litecoin
LTC/USD
1H
It seems like a descending triangle is almost completed.
A descending triangle describes a reliable price pattern that is used to spot an extension in the downward direction when price breaks out.
Ltcusd embarks on a bearish correction to the 100 level on a breakout of the descending triangle.
ASCENDING TRIANGLE
Litecoin
LTC/USD
1H
There is an ascending triangle occuring and the price is about to break out now.
An ascending triangle describes a useful bearish pattern that often signals a bearish move if price collapses through the support line.
It is likely that a rangebound to 106 will take place as the cryptocurrency is at a brink of a bearish breakout.
SYMMETRICAL TRIANGLE
Litecoin
LTC/USD
1H
As we can see a symmetrical triangle pops up, the price is going to break out now.
A symmetrical triangle is believed to be a price formation that is used to spot the more likely potential of rising prices if price breaks out to the the upside.
Ltcusd looks north to 108 as the cryptocurrency becomes bid.
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
The price shows an ascending channel.
An ascending channel depicts a specific price signal that predicts a bearish move when price breaks down.
A bearish run towards 98 looks likely on a breach of 100.5.
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