A descending channel has been exposed, the price is about to break out soon.
A descending channel typically identifies reversals in downtrends if price breaks out to the the upside.
LTC/USD could attempt a move towards 72.5.
Litecoin: Ascending Channel
LTC/USD,
4 hours
SHORT
Dec 30
An ascending channel is revealed and LTC/USD requests a move as a sign of a breakdown.
An ascending channel identifies a compelling price pattern with an upward bias that can be used to indicate price heading to a new direction if price collapses through the support line.
LTC/USD to resume its downfall towards the 72 zone.
Litecoin: Descending Channel
LTC/USD,
1 hour
LONG
May 20
As we can see a descending channel is close to being completed.
A descending channel results in a sharp rise if price breaks above resistance.
There is a possibility of a move to 84.
Litecoin: Descending Channel
LTC/USD,
1 hour
SHORT
Mar 14
We can see that LTC/USD composes a descending channel, the price breaks out now.
Once price breaks out to the the downside, the move could predict that the price to go short.
A bearish price action towards 94 is going to happen as gains remain capped.
Litecoin: Descending Channel
LTC/USD,
4 hours
LONG
May 17
We can see that the price establishes a descending channel.
A descending channel often indicates a bullish move if price breaks out to the the upside.
It is not ruled out that a further bullish move towards 84 will form on a breach of 83.
Litecoin: Rectangle
LTC/USD,
1 hour
LONG
Feb 28
We can see that a rectangle is close to being finished, LTC/USD calls for an active bullish continuation for clear breakout confirmation.
A rectangle typically indicates that the price to go long when price breaks out.
LTC/USD points to the upside towards 77 while above 76.2.
Litecoin: Descending Channel
LTC/USD,
1 hour
LONG
Mar 11
A descending channel is exposed, the price requires a more steady bullish continuation as evidence of a breakout.
In case if price breaks above resistance, the resulting move could identify a bullish price action.
LTC/USD targets a move to 90 as the cryptocurrency becomes bullish.
Litecoin: Ascending Channel
LTC/USD,
4 hours
SHORT
Dec 7
We can see that an ascending channel is nearing completion.
An ascending channel spots that the price to go short once price breaks out to the the downside.
Decline to 70 looks likely.
Litecoin: Bearish Rectangle
LTC/USD,
1 hour
SHORT
Oct 9
It seems like a bearish rectangle is close to completion and the price is about to break out.
Once price breaks below support, the move could signal that the price to go short.
LTC/USD pulls back to 64 once below 64.6 as the cryptocurrency becomes bearish.
Litecoin: Ascending Triangle
LTC/USD,
1 hour
SHORT
47 hours ago
An ascending triangle is close to being done and LTC/USD demands a next move for clear breakout confirmation.
If price breaks below support, the move could spot extending an downtrend.
LTC/USD is at risk of extending its slump to 86 on a break below 88 as bears seeking a new low.
Litecoin: Falling Wedge
LTC/USD,
1 hour
LONG
Feb 23
There is a falling wedge forming.
A falling wedge is said to depict a reliable signal that can be used to identify a bullish price action once price breaks out to the the upside.
A further bullish price action towards 68.5 stays on the cards on a breakout of the falling wedge.
Litecoin: Descending Triangle
LTC/USD,
1 hour
LONG
Jun 27
A descending triangle is close to being complete, LTC/USD needs a bullish impulse as a signal of a breakout.
If price breaks out, the move could signal a break in the price direction.
A bullish continuation to the 71.2 level is probable.
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Litecoin · LTC/USD