Open:
High:
Low:
Close:
FALLING WEDGE
Litecoin
LTC/USD
1H
There is a falling wedge happening.
When price breaks out, the resulting move could spot a bullish price action.
Ltcusd is bullish and en route to 45.4 on a breakout of the falling wedge.
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
There is an ascending channel found.
An ascending channel is a technical chart formation that often spots a bearish price action if price breaks through the support.
Ltcusd to head to 45.8 while below 45.85.
RISING WEDGE
Litecoin
LTC/USD
4H
Ltcusd composes a rising wedge, the price is ready to break out now.
If price breakdown occurs, the resulting move could identify a trend change to the downside.
It is possible that extra downside to the 45.5 mark will occur as downtrend may continue.
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
There is an ascending channel observed and the price demands a further move as an information of a breakout.
When price breaks down, the resulting move could predict a next move down.
It is possible that extra downside towards 46 will be made on a breakout of the ascending channel.
BEARISH FLAG
Litecoin
LTC/USD
1H
A bearish flag has been recognized and ltcusd needs a more bearish impulse as a signal of a breakdown.
A bearish flag often signals price heading to a new direction when price breaks below support.
There is a probability of a bearish continuation towards 46.
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
A descending channel has been distinguished and the price needs a more strong move to confirm descending channel breakout.
If price breaks out to the the upside, the move could spot a move up.
Ltcusd to jump to 46.2 on a break above 45.95.
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
As we can see an ascending channel has been identified, the price is going to break out.
If price collapses through the support line, the move could indicate that the price to go down.
Ltcusd to slump to 45.2 on a breakout of the ascending channel.
RISING WEDGE
Litecoin
LTC/USD
4H
There is a rising wedge found.
A rising wedge provides a technical price indicator that is used to identify a bearish price move once price breaks out.
Ltcusd to suffer further downside towards 45.
RISING WEDGE
Litecoin
LTC/USD
1H
It seems like a rising wedge is identified and the price needs more active push down as a sign of a breakout.
A rising wedge often signals a countertrend succeeding the current trend if price breaks through the support.
It is not ruled out that a bearish continuation towards the 45.4 zone will take place once below 45.65 as downtrend may continue.
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