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DESCENDING CHANNEL
Litecoin
LTC/USD
1H
A descending channel has been encountered.
A descending channel suggests a technical bullish chart pattern that has a downward slope that typically predicts a further move up in case if price breaks out.
Ltcusd violates bearish trendline to 81 on a breach of 80.6.
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
There is a descending channel developing, ltcusd lacks a further active move as a signal of a breakout.
A descending channel typically indicates a bullish move once price breaks above resistance.
Ltcusd dives out bearish trendline towards 84.
FALLING WEDGE
Litecoin
LTC/USD
1H
There is a falling wedge forming, the price wants a further bigger bullish action as a clue of a breakout.
A falling wedge tends to be a useful signal that typically predicts a move up when price breaks through the resistance.
There is a probability of a bullish move to 84.
RECTANGLE
Litecoin
LTC/USD
1H
As we can see ltcusd shapes a rectangle, ltcusd expects a next active move for clear breakdown confirmation.
A rectangle tends to be a useful bearish signal that often indicates the bulls have run out of steam once price breakdown occurs.
There is a chance of a further bearish move to 83.5 as the cryptocurrency keeps the bid tone.
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
There is an ascending channel noticed.
If price breaks below support, the move could indicate a trend change to the downside.
Ltcusd to turn bearish towards 85 as the cryptocurrency is at a brink of a bearish breakout.
RISING WEDGE
Litecoin
LTC/USD
1H
There is a rising wedge arising and the price requests a next move to confirm rising wedge breakout.
In case if price breaks out to the the downside, the resulting move could signal a bearish move.
A bearish move towards 84 is not ruled out.
BEARISH FLAG
Litecoin
LTC/USD
1H
There is a bearish flag happening.
A bearish flag typically spots a bearish price move once price breaks through the support.
It is likely that a bearish price action to 82 will form.
RISING WEDGE
Litecoin
LTC/USD
1H
A rising wedge is uncovered, the price is breaking out.
A rising wedge is a specific bearish price action pattern that is angled up that often results in a bullish-to-bearish trend reversal when price collapses through the support line.
There is a possibility of extra downside towards the 84 mark.
DESCENDING CHANNEL
Litecoin
LTC/USD
4H
There is a descending channel occuring, ltcusd wants an impulse up for the certainty of breakout.
A descending channel is considered to be a bullish pattern that typically predicts price heading to a new direction once price breaks above resistance.
Ltcusd embarks on a bullish correction to the 86 zone as indicators turn bullish.
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