There is an ascending triangle taking place.
An ascending triangle is said to depict a technical pattern that signals the bears have run out of steam when price breaks out.
A bullish run towards the 75 mark is on the cards.
Litecoin: Ascending Channel
LTC/USD,
1 hour
SHORT
Jan 7
The price shapes an ascending channel.
An ascending channel denotes a compelling price pattern that is used to predict that the price to go down if price breakdown occurs.
LTC/USD points to the downside towards 65 as the mood may get worse.
Litecoin: Pennant
LTC/USD,
1 hour
LONG
Jul 29
There is a pennant arising and the price needs a further move as an indication of a breakout.
A pennant can be thought of as a specific bullish price formation that often spots a bullish price move in case if price breaks through the resistance.
There is a possibility of a move towards the 91.4 level on impulse above 91.25.
Litecoin: Ascending Channel
LTC/USD,
1 hour
SHORT
Apr 18
LTC/USD completes an ascending channel, the price is close to breaking out.
If price collapses through the support line, the move could predict a move down.
A bearish continuation towards the 100 mark is possible while below 100.8.
Litecoin: Bullish Flag
LTC/USD,
1 hour
LONG
Jul 13
There is a bullish flag materializing, the price wants a bullish move as a verification of a breakout.
A bullish flag signals a sharp rise once price breaks out to the the upside.
LTC/USD to continue the appreciation trend to the 98 level on a breakout of the bullish flag.
Litecoin: Bearish Rectangle
LTC/USD,
4 hours
SHORT
Mar 8
A bearish rectangle is close to being complete.
A bearish rectangle identifies a specific bearish chart pattern that is used to predict a sharp decline in case if price breaks below support.
It is likely that a bearish push down to 84 will be made as upside pressure seen easing.
Litecoin: Rising Wedge
LTC/USD,
4 hours
SHORT
Apr 19
We can see that a rising wedge has been recognized, the price is going to break out.
A rising wedge often results in a next move down when price breaks out.
LTC/USD risks further downside to 98.
Litecoin: Descending Triangle
LTC/USD,
1 hour
LONG
Dec 3
LTC/USD shapes a descending triangle, the price expects a bit more consolidation as proof of a breakout.
A descending triangle is a bullish price action pattern that spots a move up if price breaks out.
LTC/USD to continue higher to 72.4 once above 72.3.
Litecoin: Descending Triangle
LTC/USD,
1 hour
LONG
Feb 3
There is a descending triangle detected.
A descending triangle tends to be a compelling bullish pattern that signals extending an uptrend if price breaks out to the the upside.
LTC/USD to push up towards 68.4.
Litecoin: Rectangle
LTC/USD,
1 hour
SHORT
Feb 20
The price completes a rectangle and the price is close to breaking out soon.
A rectangle describes a compelling chart pattern that indicates a bearish move when price breaks below support.
LTC/USD challenges a move to the 70.2 level.
Litecoin: Ascending Channel
LTC/USD,
1 hour
SHORT
Dec 17
It seems like LTC/USD creates an ascending channel.
An ascending channel denotes a bearish price indicator that can be used to spot a countertrend succeeding the current trend in case if price collapses through the support line.
A bearish run to 71.5 is possible on a breach of 72.1.
Litecoin: Ascending Channel
LTC/USD,
1 hour
SHORT
Oct 17
It seems like LTC/USD forms an ascending channel, the price is ready to break out.
An ascending channel spots a bearish price move in case if price breaks out.
LTC/USD risks a move to the 61 level as the cryptocurrency is at a brink of a bearish breakout.
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Litecoin · LTC/USD