A descending channel is found and the price requires a more bigger bullish move to confirm a breakout.
A descending channel represents a bullish price indicator that is used to signal a change in the prevailing trend once price breaks out to the the upside.
A bullish run towards the 81 mark is probable on a upside break.
Litecoin: Ascending Triangle
LTC/USD,
1 hour
LONG
Jun 23
It seems like an ascending triangle is identified.
An ascending triangle is a useful bullish signal that typically results in a bullish move if price breaks out.
LTC/USD to jump to 88 on a break above 87.
Litecoin: Pennant
LTC/USD,
1 hour
SHORT
6 days ago
A pennant comes out.
A pennant provides a technical bearish chart signal that can be used to indicate that the price to go down in case if price breaks out to the the downside.
There is a probability of extra downside towards 81 as extra rangebound not ruled out.
Litecoin: Bullish Flag
LTC/USD,
1 hour
LONG
Mar 22
We can see that LTC/USD establishes a bullish flag and LTC/USD requires a steady impulse up to confirm a breakout.
A bullish flag signals a next move up once price breaks out.
LTC/USD to strengthen towards 83 on a breakout of the bullish flag.
Litecoin: Bearish Flag
LTC/USD,
1 hour
SHORT
May 8
There is a bearish flag revealed and the price requests strong push down to confirm a breakout.
A bearish flag depicts a technical bearish price formation that has an upward slope that often indicates a bearish move in case if price breaks down.
There is a chance of a move to the 83 level.
Litecoin: Rising Wedge
LTC/USD,
1 hour
SHORT
25 hours ago
A rising wedge is close to completion, the price is about to break out.
A rising wedge describes a bearish chart indicator that can be used to identify a move down in case if price collapses through the support line.
LTC/USD to extend its slide to 83.5 on impulse below 83.8 amid rising bets for the move.
Litecoin: Descending Channel
LTC/USD,
4 hours
LONG
Jun 18
There is a descending channel spotted, LTC/USD requests a next strong move as proof of a breakout.
A descending channel depicts a reliable price indicator that spots a downward trend is about to reverse into an upnward trend when price breaks out to the the upside.
LTC/USD violates bearish trendline towards the 80 mark while above 77.5.
Litecoin: Rectangle
LTC/USD,
4 hours
SHORT
Nov 14
There is a rectangle found and the price needs a further move as proof of a breakout.
In case if price collapses through the support line, the move could predict a bearish price action.
A bearish price action towards 70 is not ruled out on a breach of 70.5.
Litecoin: Ascending Channel
LTC/USD,
1 hour
SHORT
Jan 22
There is an ascending channel discovered, the price is close to breaking out.
In case if price collapses through the support line, the resulting move could spot that the price to go short.
LTC/USD challenges a move to the 71 mark.
Litecoin: Descending Triangle
LTC/USD,
4 hours
SHORT
May 3
A descending triangle is almost finished, the price is close to breaking out now.
A descending triangle is considered to be a signal that typically signals an extension in the downward direction once price breaks through the support.
It is likely that extra downside to the 84 level will be made while below 86.
Litecoin: Ascending Channel
LTC/USD,
1 hour
SHORT
Feb 19
There is an ascending channel arising and the price is ready to break out soon.
An ascending channel is considered to be a chart pattern with an upward bias that often predicts that the price to go short in case if price breaks below support.
A rangebound towards the 70.4 level about to be made as downtrend may continue.
Litecoin: Pennant
LTC/USD,
1 hour
SHORT
Dec 12
It seems like a pennant is noticed and LTC/USD expects a further move as a sign of a breakout.
If price breakdown occurs, the move could predict prices are likely to keep falling downward.
A bearish continuation to the 72 mark is likely to happen as the cryptocurrency loses bullish momentum.
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Litecoin · LTC/USD