Open:
High:
Low:
Close:
RECTANGLE
Litecoin
LTC/USD
1H
The price creates a rectangle.
In case if price breaks above resistance, the resulting move could indicate a further move up.
There is a probability of a bullish price action towards the 54 mark while above 53.4 amid the cryptocurrency recovers from recent lows.
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
It seems like a descending channel arises and the price breaks out soon.
A descending channel is considered to be a specific price indicator that indicates a countertrend succeeding the current trend once price breaks above resistance.
It is possible that a bullish price action to the 53.5 zone will happen on a breakout of the descending channel.
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
The price creates a descending channel, the price wants a further bigger move for the certainty of breakout.
In case if price breaks out, the move could predict a further move up.
It is likely that a further bullish push up towards 53.5 will occur as bulls looking for upside correction.
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
A descending channel is nearing completion.
Once price breaks through the resistance, the resulting move could signal a bullish move.
Ltcusd tests a move towards 53.
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
There is a descending channel determined.
Once price breaks out to the the upside, the move could spot a bullish move.
It is not ruled out that a rangebound towards the 54 zone will be made once above 52.8.
RECTANGLE
Litecoin
LTC/USD
1H
A rectangle has been encountered and the price is ready to break out now.
A rectangle often predicts a bearish price action in case if price breaks through the support.
Ltcusd could extend its slump towards the 52.5 zone.
ASCENDING TRIANGLE
Litecoin
LTC/USD
4H
There is an ascending triangle encountered.
An ascending triangle denotes a specific bearish price signal that results in an extension in the downward direction if price breaks out to the the downside.
There is a chance of a bearish price action to 52.
ASCENDING TRIANGLE
Litecoin
LTC/USD
1H
Ltcusd composes an ascending triangle.
When price breaks below support, the move could predict the bulls have run out of steam.
Ltcusd risks further decline to 53.
PENNANT
Litecoin
LTC/USD
4H
A pennant occurs.
A pennant is said to depict a bearish chart formation that can be used to identify a bearish price move if price collapses through the support line.
Ltcusd could attempt a move towards 50.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.