Open:
High:
Low:
Close:
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
There is a descending channel poping up.
If price breaks through the resistance, the resulting move could indicate that the price to go long.
There is a chance of a move towards the 50 zone on a upside break as there is room for a upside correction.
PENNANT
Litecoin
LTC/USD
1H
It looks like a pennant emerges, the price requires a move as an information of a breakout.
A pennant often results in extending an downtrend if price breaks below support.
There is a possibility of a rangebound towards 49.5 once below 49.7.
FALLING WEDGE
Litecoin
LTC/USD
4H
A falling wedge has been detected and ltcusd lacks a further bigger move to confirm a breakout.
A falling wedge describes a useful bullish price signal that results in a move up when price breaks out to the the upside.
There is a probability of a bullish price action towards 51 on a breach of 50.2 as bullish momentum increases.
SYMMETRICAL TRIANGLE
Litecoin
LTC/USD
1H
There is a symmetrical triangle emerging.
A symmetrical triangle is said to depict a specific bearish pattern that can be used to identify the more likely potential of falling prices when price breaks down.
It is not ruled out that extra downside to the 49.5 zone will happen.
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
A descending channel arises.
A descending channel describes a compelling bullish indicator that often predicts a bullish price move if price breaks out.
Ltcusd embarks on a bullish correction to 51.
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
There is a descending channel coming out and the price is ready to break out now.
A descending channel often signals a further move up once price breaks through the resistance.
Ltcusd to continue the appreciation trend towards 50.5.
DESCENDING TRIANGLE
Litecoin
LTC/USD
1H
There is a descending triangle developing, the price calls for a further move for clear breakout confirmation.
If price collapses through the support line, the move could predict the bulls have run out of steam.
Ltcusd to resume its downfall to the 51 mark on a breakout of the descending triangle.
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
There is an ascending channel identified, the price breaks out.
An ascending channel tends to be a specific price action pattern that is angled up that often results in an interruption of an uptrend once price breaks out.
Ltcusd does not rule out a move to 51.5.
RISING WEDGE
Litecoin
LTC/USD
1H
As we can see a rising wedge is close to being done, the price demands a bigger bearish move for the certainty of breakdown.
A rising wedge identifies a bearish price action once price breaks below support.
There is a probability of a move towards 51.5.
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