Open:
High:
Low:
Close:
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
An ascending channel turns up, the price is about to break out soon.
If price breakdown occurs, the resulting move could predict a next move down.
A move towards 57 is a possibility on a breach of 58 as ltcusd failes to keep gains.
RECTANGLE
Litecoin
LTC/USD
1H
It looks like a rectangle has been identified and the price is about to break out soon.
A rectangle identifies prices are likely to keep falling downward in case if price breaks down.
A bearish continuation towards 58.5 looks likely on a break below 59 as the cryptocurrency becomes capped.
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
An ascending channel emerges, the price is ready to break out.
An ascending channel identifies a compelling bearish price action formation that has an upward slope that often identifies an extension in the downward direction when price breaks below support.
It is likely that decline to the 59 level will happen.
PENNANT
Litecoin
LTC/USD
1H
As we can see the price creates a pennant, the price is about to break out soon.
A pennant indicates extending an uptrend once price breaks out to the the upside.
There is a probability of a move to 61 as the cryptocurrency becomes bid.
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
An ascending channel materializes, the price is close to breaking out.
An ascending channel identifies a further move down if price breaks out to the the downside.
A move towards 59 is going to happen once below 59.4.
RECTANGLE
Litecoin
LTC/USD
1H
It looks like a rectangle turns up and the price is close to breaking out.
A rectangle can be thought of as an indicator that results in that prices are likely to keep rallying upward once price breaks above resistance.
Ltcusd to move upward to the 60 mark.
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
There is a descending channel taking place and the price is breaking out.
A descending channel identifies a useful bullish pattern that can be used to predict a change in the prevailing trend once price breaks through the resistance.
Ltcusd to increase bullish potential towards 60 on a breach of 59.4 as door open for the continuation of the uptrend.
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
There is a descending channel occuring.
A descending channel can be thought of as a technical bullish pattern that is angled down that identifies a downward trend is nearing its end once price breaks out.
Ltcusd to increase bullish potential to the 59 zone.
SYMMETRICAL TRIANGLE
Litecoin
LTC/USD
1H
A symmetrical triangle is encountered, the price is breaking out.
A symmetrical triangle suggests a compelling pattern that can be used to identify prices are likely to keep falling downward if price collapses through the support line.
Ltcusd could extend its slump to the 58 level on a downside break.
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