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.
Litecoin: Rectangle
LTC/USD,
4 hours
SHORT
May 6
There is a rectangle diagnosed, the price calls for a next correction as a signal of a breakout.
A rectangle often results in a next move down in case if price breaks through the support.
LTC/USD points to the downside towards the 85 mark.
Litecoin: Ascending Channel
LTC/USD,
1 hour
SHORT
Apr 30
An ascending channel takes place, the price is close to breaking out soon.
An ascending channel often spots a bearish price action when price breaks out to the the downside.
It is not ruled out that a rangebound towards 90 will be made on a breach of 90.5.
Litecoin: Ascending Channel
LTC/USD,
1 hour
SHORT
Jun 23
An ascending channel appears, LTC/USD expects a bigger correction as an indication of a breakout.
An ascending channel is a reliable bearish price action signal that predicts a tendency to break in the opposite direction when price collapses through the support line.
There is a possibility of a bearish run towards 74.4 as upside pressure mitigates.
Litecoin: Rectangle
LTC/USD,
4 hours
LONG
Nov 2
There is a rectangle detected.
A rectangle identifies a specific signal that often spots a bullish price action once price breaks out to the the upside.
A bullish continuation towards 71 is likely.
Litecoin: Rectangle
LTC/USD,
1 hour
SHORT
Feb 15
A rectangle occurs.
A rectangle typically spots an extension in the downward direction once price breaks through the support.
There is a chance of a further rangebound to 68.5.
Litecoin: Descending Channel
LTC/USD,
1 hour
LONG
Sep 6
A descending channel emerges.
A descending channel often identifies a pause in a downtrending market in case if price breaks out.
LTC/USD hints a change to the upside to the 63.4 zone as LTC/USD nears 63.3 hurdle.
Litecoin: Descending Triangle
LTC/USD,
1 hour
LONG
Apr 15
The price completes a descending triangle, the price is breaking out.
Once price breaks above resistance, the resulting move could signal an extension in the upward direction.
There is a possibility of a bullish run to 98.
Litecoin: Symmetrical Triangle
LTC/USD,
1 day
LONG
Sep 15
The price composes a symmetrical triangle and the price requests a next strong move for the certainty of breakout.
A symmetrical triangle provides a formation that typically results in a sharp rise in case if price breaks through the resistance.
It is likely that a move to 68 will be made once above 66.
Litecoin: Ascending Channel
LTC/USD,
4 hours
SHORT
Oct 26
There is an ascending channel distinguished and the price requests a further steady bearish continuation as a signal of a breakout.
In case if price breaks out, the move could predict price heading to a new direction.
LTC/USD risks extra downside towards the 66 mark as LTC/USD becomes depressed.
Litecoin: Descending Triangle
LTC/USD,
1 hour
LONG
Feb 26
The price sets up a descending triangle, the price is breaking out.
A descending triangle depicts a bullish indicator that typically indicates the more likely potential of rising prices once price breaks out.
There is a chance of a move towards 70.4 as extra rangebound not ruled out.
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Litecoin · LTC/USD