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BEARISH FLAG
Litecoin
LTC/USD
1H
There is a bearish flag uncovered and the price needs a further move for the certainty of breakout.
A bearish flag provides a specific signal that is used to predict a next move down once price breaks below support.
Ltcusd pulls away from recent highs to 55.8 on impulse below 55.9.
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
A descending channel has been discovered, ltcusd expects a next steady move as a signal of a breakout.
A descending channel describes a price pattern that results in a bullish move if price breaks out.
Ltcusd challenges a move towards 57 on a breakout of the descending channel.
DESCENDING TRIANGLE
Litecoin
LTC/USD
1H
As we can see a descending triangle is very close to being finished.
A descending triangle typically identifies the more likely potential of rising prices in case if price breaks through the resistance.
There is a chance of a move towards the 56.5 level as outlook for ltcusd stays positive.
DESCENDING TRIANGLE
Litecoin
LTC/USD
1H
The price creates a descending triangle, ltcusd needs an active bearish continuation as a signal of a breakdown.
A descending triangle spots the more likely potential of falling prices when price breaks through the support.
Ltcusd set to fall towards 56 on a breakout of the descending triangle.
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
As we can see a descending channel is nearing completion and the price wants a next move for the certainty of breakout.
A descending channel is a bullish price signal that can be used to signal a next move up when price breaks above resistance.
Ltcusd looks north to the 58 mark on a breakout of the descending channel as ltcusd sticks to the positive mood.
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
It seems like an ascending channel has been diagnosed, the price is about to break out now.
In case if price collapses through the support line, the resulting move could signal the bulls have run out of steam.
Ltcusd to suffer further downside to the 57.5 mark once below 58.
RECTANGLE
Litecoin
LTC/USD
1H
There is a rectangle forming and ltcusd requests a steady move to confirm a breakdown.
A rectangle identifies a sharp decline in case if price breaks through the support.
Ltcusd risks extending drop to 56.5 while lower than 57.1.
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
There is an ascending channel taking place.
An ascending channel often results in a pause in an uptrending market once price collapses through the support line.
Ltcusd to slump towards 57 as bears looking for profit.
RECTANGLE
Litecoin
LTC/USD
1H
A rectangle emerges and the price is ready to break out soon.
A rectangle denotes a signal that typically signals a further move up when price breaks through the resistance.
Ltcusd points to the upside to 59.
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