An ascending channel is discovered and the price needs a move as evidence of a breakout.
An ascending channel typically results in price heading to a new direction when price breaks through the support.
It is possible that extra downside to the 71.5 level will happen on a breach of 71.6 as the cryptocurrency challenges 71.6 hurdle.
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 Channel
LTC/USD,
1 hour
LONG
Aug 8
We can see that a descending channel is found, the price is close to breaking out soon.
A descending channel suggests a reliable price signal that is used to indicate a bullish price action once price breaks out.
There is a probability of a bullish run to the 59 mark as the cryptocurrency challenges 58.4 hurdle.
Litecoin: Ascending Triangle
LTC/USD,
1 hour
SHORT
Aug 7
We can see that the price completes an ascending triangle and the price asks for a more strong move for the certainty of breakdown.
An ascending triangle identifies a useful bearish chart indicator that signals extending an downtrend in case if price breaks out to the the downside.
LTC/USD to head to 58 once below 58.4 as outlook for the cryptocurrency stays negative.
Litecoin: Falling Wedge
LTC/USD,
1 hour
LONG
Sep 21
There is a falling wedge spotted.
A falling wedge provides a useful price pattern that results in price reversal after a pause in case if price breaks out to the the upside.
There is a probability of a bullish move to 66 on a upside break as bulls look for entries.
Litecoin: Rising Wedge
LTC/USD,
1 hour
SHORT
Oct 7
There is a rising wedge exposed and the price requests a steady correction as evidence of a breakdown.
A rising wedge often predicts a next move down in case if price collapses through the support line.
LTC/USD to move back towards 66.5 once below 67.1.
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