Open:
High:
Low:
Close:
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
It looks like a descending channel is recognized, the price is close to breaking out soon.
A descending channel tends to be a reliable bullish chart formation that identifies an extension in the upward direction when price breaks through the resistance.
A bullish price action towards the 48 level stays on the cards on a breakout of the descending channel.
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
It looks like a descending channel is discovered and ltcusd calls for a more strong move as a clue of a breakout.
A descending channel describes a specific bullish chart pattern that has a downward slope that is used to spot that the price to go up if price breaks out to the the upside.
Ltcusd is bullish and en route towards 47.5 as ltcusd is at a brink of a bullish breakout.
RISING WEDGE
Litecoin
LTC/USD
1H
There is a rising wedge forming, ltcusd requires a next bigger move as an information of a breakout.
A rising wedge spots a bearish price action in case if price breaks through the support.
Corrective downside to 47 looks likely on a breach of 47.4.
ASCENDING TRIANGLE
Litecoin
LTC/USD
4H
An ascending triangle takes place, the price is ready to break out soon.
Once price breaks out to the the downside, the resulting move could spot a bearish price action.
Ltcusd pulls back to 46.
ASCENDING TRIANGLE
Litecoin
LTC/USD
1H
We can see that the price creates an ascending triangle, the price demands a strong bullish action to confirm a breakout.
If price breaks through the resistance, the resulting move could identify the bears have run out of steam.
Ltcusd advances higher towards 47.8.
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
It looks like ltcusd forms a descending channel, the price breaks out.
A descending channel suggests a price signal that often spots a next move up in case if price breaks out.
Ltcusd turns bullish to 47.6.
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
As we can see an ascending channel turns up and the price is going to break out now.
An ascending channel often indicates a temporary interruption during a rising market once price breakdown occurs.
Corrective downside to the 46.8 mark looks possible on a breach of 47.05.
PENNANT
Litecoin
LTC/USD
1H
There is a pennant recognized.
A pennant identifies a bearish price action signal that can be used to spot a move down if price breaks through the support.
Ltcusd to move back to the 46.5 mark.
RECTANGLE
Litecoin
LTC/USD
1D
A rectangle takes place and the price lacks a next bigger move to confirm a breakout.
A rectangle tends to be a technical price action pattern that can be used to indicate that the price to go up when price breaks above resistance.
Ltcusd to maintain its positive tone towards 47 on a breakout of the rectangle as ltcusd becomes supported.
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