Open:
High:
Low:
Close:
DESCENDING CHANNEL
Litecoin
LTC/USD
4H
As we can see ltcusd establishes a descending channel.
If price breaks through the resistance, the resulting move could signal a pause in a downtrending market.
There is a probability of a bullish push up to the 50 zone.
RISING WEDGE
Litecoin
LTC/USD
1H
There is a rising wedge emerging, the price calls for an active move as a verification of a breakout.
A rising wedge signals a bullish-to-bearish trend reversal when price breaks out.
Ltcusd to drop to 48.6.
PENNANT
Litecoin
LTC/USD
1H
There is a pennant diagnosed, the price is breaking out.
A pennant results in a bullish price action when price breaks out.
Ltcusd to recover bullish potential towards the 49 level on a upside break.
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
It seems like an ascending channel is very close to being completed, the price is close to breaking out.
When price breaks out to the the downside, the resulting move could predict a next move down.
A bearish move towards the 49 mark is probable on a break below 49.1.
FALLING WEDGE
Litecoin
LTC/USD
4H
There is a falling wedge appearing and the price breaks out now.
A falling wedge results in a tendency to break in the opposite direction if price breaks out to the the upside.
It is likely that a further bullish move towards the 52 level will take place on a break above 50.5.
PENNANT
Litecoin
LTC/USD
1H
There is a pennant determined, the price is about to break out.
Once price breaks through the resistance, the move could identify extending an uptrend.
Ltcusd to peak towards 49.2.
PENNANT
Litecoin
LTC/USD
1H
The price composes a pennant and ltcusd wants a further bigger bullish continuation as an indication of a breakout.
When price breaks out to the the upside, the move could spot a further move up.
There is a probability of a further bullish price action to the 49.5 mark on a breakout of the pennant as ltcusd nears 49.2 hurdle.
SYMMETRICAL TRIANGLE
Litecoin
LTC/USD
1H
It seems like a symmetrical triangle appears.
A symmetrical triangle predicts a bearish price action if price breaks through the support.
Ltcusd risks a correction to the 48.5 zone on a breakout of the symmetrical triangle as indicators turn bearish.
DESCENDING CHANNEL
Litecoin
LTC/USD
4H
The price shows a descending channel and the price needs a more move as a sign of a breakout.
A descending channel indicates a temporary interruption during a falling market if price breaks above resistance.
Ltcusd turns bullish to 50 on a breakout of the descending channel.
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