Open:
High:
Low:
Close:
PENNANT
Litecoin
LTC/USD
1H
A pennant takes place and the price needs further strong rise as a clue of a breakout.
A pennant is said to depict a reliable bullish price action indicator that is used to predict that the price to go up if price breaks through the resistance.
Ltcusd to have better chances of advancing towards 60 on a breach of 59 as the cryptocurrency looks bid.
DESCENDING TRIANGLE
Litecoin
LTC/USD
1H
It seems like a descending triangle has been encountered, the price calls for a next strong move for the certainty of breakout.
A descending triangle tends to be a technical price action pattern that often spots prices are likely to keep falling downward in case if price breakdown occurs.
Ltcusd risks extending drop towards the 62 zone.
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
A descending channel is almost completed and the price is breaking out.
A descending channel spots a next move up in case if price breaks out to the the upside.
Ltcusd risks a move to the 66 mark as the cryptocurrency nears 64.8 hurdle.
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
As we can see a descending channel is close to being done, ltcusd wants a further move as an information of a breakout.
A descending channel is a reliable bullish price action indicator that predicts a bullish move if price breaks above resistance.
Ltcusd does not rule out a move to the 67 level.
BEARISH RECTANGLE
Litecoin
LTC/USD
4H
As we can see a bearish rectangle is almost finished, the price is about to break out.
If price breakdown occurs, the resulting move could signal the more likely potential of falling prices.
There is a probability of a rangebound towards 65 on a breakout of the bearish rectangle as the cryptocurrency becomes capped.
PENNANT
Litecoin
LTC/USD
1H
There is a pennant revealed and the price breaks out soon.
When price breaks below support, the move could signal extending an downtrend.
Ltcusd could attempt a move towards 68.5.
RISING WEDGE
Litecoin
LTC/USD
1H
It looks like a rising wedge pops up and the price requests a bigger correction as a clue of a breakout.
If price breaks through the support, the resulting move could predict an interruption of an uptrend.
Ltcusd to suffer further downside to 69 as upside pressure seen easing.
RECTANGLE
Litecoin
LTC/USD
1H
A rectangle turns up and the price calls for a further bullish move for the certainty of breakout.
Once price breaks above resistance, the move could predict that the price to go long.
Ltcusd aims to complete a retracement towards 70.5 while above 70.1 as the cryptocurrency resumes the upside.
DESCENDING CHANNEL
Litecoin
LTC/USD
4H
As we can see a descending channel takes place and ltcusd calls for more active rise as an information of a breakout.
Once price breaks out, the resulting move could predict a temporary interruption of an existing trend.
A bullish price action to 71 is on the cards on a breach of 69.8.
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