Open:
High:
Low:
Close:
SYMMETRICAL TRIANGLE
Litecoin
LTC/USD
4H
There is a symmetrical triangle uncovered and the price is close to breaking out now.
A symmetrical triangle is a reliable bullish pattern that is used to signal a sharp rise if price breaks out to the the upside.
Ltcusd to strengthen towards the 45 mark.
FALLING WEDGE
Litecoin
LTC/USD
1H
A falling wedge is close to being completed.
If price breaks through the resistance, the move could signal a bullish price move.
Ltcusd points to the upside towards the 44.4 mark.
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
An ascending channel pops up and ltcusd requests a bigger impulse down as a verification of a breakout.
An ascending channel provides a compelling bearish indicator that can be used to signal a move down when price breaks through the support.
Ltcusd to push down to the 44 level while below 44.1 as extra rangebound not ruled out.
BEARISH FLAG
Litecoin
LTC/USD
1H
A bearish flag is almost done, the price wants a bigger bearish action as a signal of a breakout.
A bearish flag indicates the more likely potential of falling prices if price breaks through the support.
It is likely that a bearish move towards 44.2 will be made.
RECTANGLE
Litecoin
LTC/USD
1H
A rectangle develops, ltcusd needs a more bigger impulse up for the certainty of breakout.
A rectangle denotes a useful formation that indicates a further move up once price breaks out.
There is a probability of a bullish price action to the 44.4 mark.
RISING WEDGE
Litecoin
LTC/USD
1H
There is a rising wedge happening and the price wants a further steady bearish action to confirm rising wedge breakout.
A rising wedge results in the bulls have run out of steam in case if price breaks down.
Ltcusd to slump towards 44 while lower than 44.15.
FALLING WEDGE
Litecoin
LTC/USD
4H
There is a falling wedge encountered, ltcusd demands a move for the certainty of breakout.
A falling wedge describes a useful chart signal that identifies a temporary interruption of an existing trend when price breaks above resistance.
It is likely that a bullish price action to the 44.5 level will be made on a break above 44.4.
ASCENDING CHANNEL
Litecoin
LTC/USD
1D
We can see that an ascending channel comes out and ltcusd requests a steady correction as an indication of a breakdown.
In case if price breaks down, the resulting move could identify a further move down.
A bearish push down to 44 is about to happen.
PENNANT
Litecoin
LTC/USD
1H
There is a pennant recognized and the price is going to break out now.
A pennant is believed to be a useful price signal that can be used to spot a next move down when price breaks out.
It is likely that extra downside towards the 44.6 level will occur.
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