Open:
High:
Low:
Close:
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
There is a descending channel occuring, ltcusd expects a bit more consolidation as a sign of a breakout.
A descending channel is considered to be a useful bullish formation that identifies a move up in case if price breaks above resistance.
There is a probability of a bullish continuation to the 56 level on a breakout of the descending channel.
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
There is a descending channel turning up, the price demands more push up as proof of a breakout.
A descending channel typically signals an interruption of a downtrend in case if price breaks out.
A bullish move to 54.5 is on the cards as the cryptocurrency nears 54.4 hurdle.
BULLISH FLAG
Litecoin
LTC/USD
1H
A bullish flag has been encountered and ltcusd wants a strong move as a verification of a breakout.
Once price breaks out to the the upside, the resulting move could spot a bullish price action.
Ltcusd pushes higher to 55.
RISING WEDGE
Litecoin
LTC/USD
1H
As we can see a rising wedge is close to being completed.
A rising wedge identifies a reliable bearish price action pattern that has an upward slope that can be used to identify a bearish move if price breaks down.
It is likely that a bearish push down towards 55 will occur.
ASCENDING TRIANGLE
Litecoin
LTC/USD
1H
Ltcusd creates an ascending triangle and ltcusd demands further bigger push up for the certainty of breakout.
An ascending triangle often predicts that the price will rally further if price breaks out.
Ltcusd to maintain its positive tone to 58.
BEARISH FLAG
Litecoin
LTC/USD
1H
There is a bearish flag discovered, the price requests a further move for the certainty of breakdown.
A bearish flag indicates a temporary interruption of an existing trend in case if price breaks out.
Ltcusd to turn bearish towards 52 while lower than 53.5.
BEARISH FLAG
Litecoin
LTC/USD
1H
A bearish flag has been distinguished.
A bearish flag is said to depict a specific price action indicator that often signals a move down in case if price breaks below support.
A bearish continuation towards 52 stays on the cards on a breakout of the bearish flag.
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
There is a descending channel materializing and the price is close to breaking out.
When price breaks out to the the upside, the resulting move could spot that the price to go long.
There is a probability of a bullish continuation towards the 54 mark on impulse above 52.
PENNANT
Litecoin
LTC/USD
1H
There is a pennant exposed, ltcusd wants a more strong move as a clue of a breakdown.
Once price breaks below support, the resulting move could indicate that the price to go short.
It is likely that a bearish continuation towards 57 will happen once below 58 amid rising bets for the move.
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