There is an ascending channel discovered, the price is about to break out.
An ascending channel tends to be a pattern with an upward bias that typically signals reversals in uptrends once price breaks out.
LTC/USD to continue lower towards the 68 zone while below 68.2.
Litecoin: Descending Channel
LTC/USD,
1 hour
LONG
Dec 25
A descending channel is close to being done, LTC/USD wants a next active bullish action as a signal of a breakout.
A descending channel can be thought of as a bullish indicator that typically signals a trend change to the upside in case if price breaks out to the the upside.
It is possible that a rangebound towards 72.5 will occur on a breakout of the descending channel as there is a chance for a upside correction.
Litecoin: Symmetrical Triangle
LTC/USD,
1 hour
LONG
Jan 10
A symmetrical triangle is nearing completion, the price requests a further bigger move as an information of a breakout.
In case if price breaks above resistance, the move could indicate a next move up.
LTC/USD to jump towards 68 on impulse above 67.6 as downside pressure seen easing.
Litecoin: Ascending Channel
LTC/USD,
1 hour
SHORT
Nov 12
It seems like an ascending channel is determined.
In case if price collapses through the support line, the resulting move could predict a tendency to break in the opposite direction.
A bearish push down towards 74 is a possibility as upside pressure seen easing.
Litecoin: Ascending Triangle
LTC/USD,
4 hours
LONG
Nov 9
There is an ascending triangle taking place.
An ascending triangle is said to depict a technical pattern that signals the bears have run out of steam when price breaks out.
A bullish run towards the 75 mark is on the cards.
Litecoin: Ascending Channel
LTC/USD,
1 hour
SHORT
Jan 7
The price shapes an ascending channel.
An ascending channel denotes a compelling price pattern that is used to predict that the price to go down if price breakdown occurs.
LTC/USD points to the downside towards 65 as the mood may get worse.
Litecoin: Pennant
LTC/USD,
1 hour
LONG
Jul 29
There is a pennant arising and the price needs a further move as an indication of a breakout.
A pennant can be thought of as a specific bullish price formation that often spots a bullish price move in case if price breaks through the resistance.
There is a possibility of a move towards the 91.4 level on impulse above 91.25.
Litecoin: Ascending Channel
LTC/USD,
1 hour
SHORT
May 5
We can see that an ascending channel has been revealed, LTC/USD demands strong fall for clear breakout confirmation.
An ascending channel tends to be a bearish price signal that is used to predict a bearish price action in case if price breaks out.
There is a chance of a bearish push down towards the 80 level as the cryptocurrency becomes capped.
Litecoin: Ascending Channel
LTC/USD,
1 hour
SHORT
Apr 18
LTC/USD completes an ascending channel, the price is close to breaking out.
If price collapses through the support line, the move could predict a move down.
A bearish continuation towards the 100 mark is possible while below 100.8.
Litecoin: Ascending Channel
LTC/USD,
4 hours
SHORT
Oct 26
There is an ascending channel distinguished and the price requests a further steady bearish continuation as a signal of a breakout.
In case if price breaks out, the move could predict price heading to a new direction.
LTC/USD risks extra downside towards the 66 mark as LTC/USD becomes depressed.
Litecoin: Descending Channel
LTC/USD,
1 hour
LONG
Sep 26
It looks like the price sets up a descending channel.
A descending channel typically identifies price heading to a new direction in case if price breaks through the resistance.
It is possible that a bullish push up to 68 will occur once beyond 67.6.
Litecoin: Descending Channel
LTC/USD,
1 hour
LONG
Feb 18
The price gives a descending channel.
A descending channel provides a price action pattern that spots that the price to go up in case if price breaks through the resistance.
It is possible that a move towards the 126 level will be made.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Litecoin · LTC/USD