Open:
High:
Low:
Close:
PENNANT
Litecoin
LTC/USD
1H
It seems like a pennant takes place and the price breaks out now.
A pennant suggests an indicator that typically results in a bullish move once price breaks through the resistance.
It is likely that a bullish move to 55.4 will occur.
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
An ascending channel is close to being done and the price is ready to break out soon.
An ascending channel can be thought of as a bearish price signal that typically spots prices are likely to keep falling downward in case if price breaks out.
Extra downside towards the 55.2 mark is on the cards.
DESCENDING TRIANGLE
Litecoin
LTC/USD
1H
There is a descending triangle found.
A descending triangle identifies a useful chart indicator that is used to spot a move up once price breaks above resistance.
A rangebound to the 55.4 level is likely while above 55.3.
PENNANT
Litecoin
LTC/USD
1H
We can see that a pennant is uncovered.
A pennant describes a technical bearish price action signal that signals a sharp decline when price breaks below support.
Ltcusd set to lose more ground towards 55.
DESCENDING TRIANGLE
Litecoin
LTC/USD
1H
There is a descending triangle identified, the price is ready to break out.
A descending triangle is a reliable bullish price action pattern that typically results in a bullish move if price breaks above resistance.
Ltcusd to surge considerably towards 56 on a breach of 55.5 as downside pressure seen easing.
ASCENDING TRIANGLE
Litecoin
LTC/USD
1D
It looks like ltcusd sets up an ascending triangle, the price is breaking out.
When price breaks through the support, the resulting move could spot extending an downtrend.
Ltcusd is at risk of resuming its decline towards 55 amid the cryptocurrency recedes from tops.
ASCENDING CHANNEL
Litecoin
LTC/USD
4H
There is an ascending channel identified and ltcusd requests a bigger correction as a sign of a breakout.
An ascending channel indicates a bearish price action once price breakdown occurs.
Ltcusd set to plunge to 54.5 while lower than 54.8 as the cryptocurrency becomes weak.
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
There is an ascending channel spotted, ltcusd requests a bigger correction as proof of a breakdown.
In case if price breakdown occurs, the resulting move could signal a further move down.
A bearish price action towards the 55 zone is a possibility on a breakdown of the ascending channel.
RECTANGLE
Litecoin
LTC/USD
4H
A rectangle is close to being complete and the price is close to breaking out.
A rectangle is said to depict a compelling price pattern that indicates that the price to go up once price breaks above resistance.
Ltcusd now looks to the 57 level amid ltcusd recovers from recent lows.
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