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.
Litecoin: Descending Triangle
LTC/USD,
1 hour
LONG
Feb 26
There is a descending triangle happening, the price is ready to break out.
A descending triangle often predicts a bullish move when price breaks through the resistance.
LTC/USD tests a move towards 70.4 on a break above 70.25.
Litecoin: Rectangle
LTC/USD,
4 hours
LONG
Jan 10
It looks like a rectangle has been discovered and the price is close to breaking out now.
In case if price breaks out to the the upside, the move could signal that the price will rally further.
LTC/USD to have better chances of advancing towards the 70 level.
Litecoin: Descending Channel
LTC/USD,
4 hours
LONG
Apr 11
We can see that a descending channel appears, the price demands next push up to confirm a breakout.
If price breaks out, the move could identify a break during a downtrending market.
LTC/USD points to the upside towards the 94 level.
Litecoin: Descending Channel
LTC/USD,
1 hour
LONG
Mar 18
There is a descending channel poping up, LTC/USD wants more push up to confirm descending channel breakout.
A descending channel typically indicates a move up once price breaks through the resistance.
A bullish move towards 88 is on the way as indicators turn bullish.
Litecoin: Falling Wedge
LTC/USD,
4 hours
LONG
Jan 18
LTC/USD shapes a falling wedge and LTC/USD needs a next active move as a sign of a breakout.
In case if price breaks above resistance, the move could signal a bullish price action.
LTC/USD advances higher towards the 70 mark on a upside break.
Litecoin: Pennant
LTC/USD,
1 hour
SHORT
Mar 9
A pennant turns up and the price demands a move as a clue of a breakdown.
A pennant is said to depict a technical price signal that often spots a sharp decline if price breakdown occurs.
LTC/USD is at risk of resuming its decline towards 82.
Litecoin: Rising Wedge
LTC/USD,
1 hour
SHORT
Dec 17
There is a rising wedge occuring, the price is breaking out.
A rising wedge often predicts a tendency to break in the opposite direction when price breaks out.
It is not ruled out that a further move towards 72 will happen as LTC/USD nears 72.4 hurdle.
Litecoin: Rising Wedge
LTC/USD,
1 hour
SHORT
Nov 16
It looks like a rising wedge is close to being finished and LTC/USD calls for a next active move to confirm rising wedge breakout.
Once price breaks below support, the resulting move could signal an upward trend is about to reverse into an downward trend.
There is a probability of corrective downside to 73 on a breakout of the rising wedge as LTC/USD probes 73.6 hurdle.
Litecoin: Rising Wedge
LTC/USD,
4 hours
SHORT
Oct 9
There is a rising wedge emerging, the price breaks out now.
A rising wedge suggests a useful price action pattern that often predicts an extension in the downward direction in case if price breaks through the support.
LTC/USD could recede to 65 on a break below 65.2.
Litecoin: Falling Wedge
LTC/USD,
1 hour
LONG
May 5
A falling wedge is almost done, the price is about to break out.
A falling wedge often indicates a further move up when price breaks through the resistance.
There is a chance of a bullish run to the 81.5 level while above 81.3.
Litecoin: Ascending Channel
LTC/USD,
1 hour
SHORT
Nov 16
It seems like an ascending channel is noticed and the price is breaking out.
When price breaks through the support, the resulting move could signal prices are likely to keep falling downward.
LTC/USD could drop to 72 as the cryptocurrency becomes capped.
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Litecoin · LTC/USD