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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.
DESCENDING CHANNEL
Litecoin
LTC/USD
4H
We can see that a descending channel happens and ltcusd demands an active move as an indication of a breakout.
A descending channel provides a compelling bullish chart indicator that can be used to predict price reversal after a pause in case if price breaks out.
Ltcusd to extend its rebound to the 82 mark.
DESCENDING CHANNEL
Litecoin
LTC/USD
4H
It seems like a descending channel is very close to being completed and the price is going to break out now.
A descending channel often indicates a breakout higher if price breaks out to the the upside.
Ltcusd challenges a move towards 82 while above 80 as bullish momentum increases.
RECTANGLE
Litecoin
LTC/USD
1H
There is a rectangle revealed and ltcusd demands a next steady move as an information of a breakout.
In case if price breaks out to the the upside, the move could signal the bears have run out of steam.
Ltcusd targets a move towards the 78.5 zone on impulse above 78.2.
DESCENDING TRIANGLE
Litecoin
LTC/USD
4H
There is a descending triangle turning up, the price breaks out.
A descending triangle tends to be a bullish chart indicator that can be used to signal the bears have run out of steam once price breaks out.
A rangebound to 84 looks possible once beyond 83.6 amid the cryptocurrency recovers from recent lows.
ASCENDING TRIANGLE
Litecoin
LTC/USD
1H
It looks like an ascending triangle arises.
An ascending triangle often results in a bearish move when price breakdown occurs.
Ltcusd risks further decline towards 83.8 as minor hurdle remains at 83.9.
SYMMETRICAL TRIANGLE
Litecoin
LTC/USD
1H
As we can see a symmetrical triangle is discovered.
A symmetrical triangle often signals that the price to go long if price breaks out to the the upside.
Ltcusd targets a move towards the 84.5 mark on a breach of 84.3.
FALLING WEDGE
Litecoin
LTC/USD
1H
A falling wedge has been determined.
A falling wedge can be thought of as a bullish price action signal that indicates a bullish price move once price breaks through the resistance.
Ltcusd embarks on a bullish correction towards the 84.5 level on a breach of 84.2.
DESCENDING TRIANGLE
Litecoin
LTC/USD
1H
A descending triangle is almost finished and the price wants a steady move as a clue of a breakout.
A descending triangle denotes a price action formation that identifies that the price will rally further when price breaks out to the the upside.
There is a chance of a move to the 84.5 level.
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