Open:
High:
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Close:
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
The price forms an ascending channel, the price wants next push down for clear breakdown confirmation.
An ascending channel provides a technical bearish price formation with an upward bias that typically results in that the price to go short once price breaks below support.
There is a possibility of a bearish continuation to the 69 zone.
BEARISH FLAG
Litecoin
LTC/USD
1H
There is a bearish flag poping up.
A bearish flag identifies an extension in the downward direction when price breaks out to the the downside.
It is not ruled out that a bearish run towards the 69 mark will form as the cryptocurrency becomes bearish.
ASCENDING TRIANGLE
Litecoin
LTC/USD
1H
There is an ascending triangle revealed.
An ascending triangle is considered to be a bullish price indicator that can be used to spot an extension in the upward direction once price breaks out to the the upside.
Ltcusd looks north to the 71 level.
DESCENDING CHANNEL
Litecoin
LTC/USD
4H
As we can see ltcusd sets up a descending channel and the price breaks out.
A descending channel predicts a next move up when price breaks out.
It is not ruled out that a rangebound to 71 will take place on a break above 70.
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
There is an ascending channel occuring and the price expects a next steady move as a signal of a breakout.
An ascending channel often signals a next move down once price breaks below support.
Ltcusd to prolong the corrective phase towards the 67.5 zone.
BEARISH FLAG
Litecoin
LTC/USD
4H
There is a bearish flag discovered and ltcusd lacks a further bigger move to confirm bearish flag breakdown.
A bearish flag results in a further move down in case if price breaks through the support.
Ltcusd embarks on a bearish correction to 67.
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
An ascending channel appears and the price is about to break out.
An ascending channel denotes a chart pattern that often predicts a next move down if price breakdown occurs.
Ltcusd to prolong the corrective phase to 67 as there is a chance for a downside correction.
FALLING WEDGE
Litecoin
LTC/USD
1H
There is a falling wedge encountered, the price asks for a further active move as an indication of a breakout.
A falling wedge often spots a downward trend is nearing its end when price breaks out to the the upside.
Ltcusd to have better chances of advancing to 68.8 on a breakout of the falling wedge as bulls seeking a new high.
PENNANT
Litecoin
LTC/USD
4H
There is a pennant identified and the price is about to break out now.
A pennant is believed to be a compelling bullish pattern that is used to spot an extension in the upward direction in case if price breaks out.
A bullish continuation to 69 about to be made.
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