Open:
High:
Low:
Close:
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
A descending channel is identified, ltcusd requests a steady bullish action as an indication of a breakout.
A descending channel tends to be a compelling bullish price indicator that can be used to spot a next move up if price breaks out.
There is a possibility of a bullish price action towards 54.4 as bulls looking for upside correction.
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
There is an ascending channel distinguished.
An ascending channel identifies a bearish chart indicator that can be used to signal that the price to go short when price breakdown occurs.
A further bearish price action to the 53.8 level is going to happen.
ASCENDING TRIANGLE
Litecoin
LTC/USD
1H
An ascending triangle turns up, ltcusd expects a bigger move as evidence of a breakdown.
An ascending triangle often indicates an extension in the downward direction once price collapses through the support line.
Ltcusd could attempt a move to 54 on a breakout of the ascending triangle as there is a chance for a downside correction.
SYMMETRICAL TRIANGLE
Litecoin
LTC/USD
1H
A symmetrical triangle is identified, the price is going to break out.
A symmetrical triangle can be thought of as a compelling bullish price action indicator that can be used to predict a bullish price move when price breaks out to the the upside.
Ltcusd to have better chances of advancing towards 54.4.
ASCENDING TRIANGLE
Litecoin
LTC/USD
1H
There is an ascending triangle encountered, the price is close to breaking out.
When price breaks below support, the move could spot prices are likely to keep falling downward.
Ltcusd to accomodate to 53.6 while lower than 53.75.
FALLING WEDGE
Litecoin
LTC/USD
4H
It looks like the price establishes a falling wedge and the price wants a move to confirm falling wedge breakout.
A falling wedge tends to be a technical bullish chart pattern with a downward bias that is used to predict a downward trend is nearing its end when price breaks out to the the upside.
It is not ruled out that a rangebound towards the 55 zone will take place on a breakout of the falling wedge.
RISING WEDGE
Litecoin
LTC/USD
1H
We can see that a rising wedge is close to being finished and the price breaks out soon.
A rising wedge denotes a specific price signal that is used to spot that the price to go short when price breakdown occurs.
There is a probability of a bearish price action towards the 53.8 level.
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
A descending channel has been identified, the price is breaking out.
A descending channel results in a change in price direction once price breaks out to the the upside.
Ltcusd to jump to 54 as bulls looking for profit.
ASCENDING CHANNEL
Litecoin
LTC/USD
1D
The price completes an ascending channel.
In case if price breaks below support, the move could signal a bearish price action.
Corrective downside to the 54 zone looks likely.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.