Open:
High:
Low:
Close:
PENNANT
Litecoin
LTC/USD
4H
As we can see a pennant appears and the price is going to break out soon.
A pennant is a compelling pattern that can be used to identify that the price to go down in case if price collapses through the support line.
A bearish move towards the 80 zone looks probable.
DESCENDING TRIANGLE
Litecoin
LTC/USD
1H
As we can see a descending triangle has been recognized.
A descending triangle often predicts a bullish price move if price breaks through the resistance.
Ltcusd to move up towards 82.
ASCENDING TRIANGLE
Litecoin
LTC/USD
1H
There is an ascending triangle revealed, the price is about to break out soon.
If price breaks down, the resulting move could identify a bearish price action.
Ltcusd risks suffer setback to the 80 zone.
RISING WEDGE
Litecoin
LTC/USD
1H
There is a rising wedge taking place.
If price breaks down, the resulting move could spot a further move down.
There is a possibility of a bearish move towards the 83 zone while lower than 83.8.
DESCENDING CHANNEL
Litecoin
LTC/USD
1H
As we can see a descending channel is determined.
A descending channel typically indicates price heading to a new direction in case if price breaks out to the the upside.
There is a probability of a rangebound towards 86.
ASCENDING CHANNEL
Litecoin
LTC/USD
4H
As we can see the price completes an ascending channel.
An ascending channel spots the bulls have run out of steam once price breaks out to the the downside.
Ltcusd still risks a move towards 82 as extra rangebound not ruled out.
PENNANT
Litecoin
LTC/USD
1H
There is a pennant occuring and the price lacks a next active bullish impulse as an indication of a breakout.
When price breaks out, the move could signal a next move up.
A bullish move towards the 85 mark is likely on a breach of 84.2.
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
An ascending channel takes place and the price breaks out soon.
An ascending channel is said to depict a bearish signal that is used to indicate an extension in the downward direction once price breaks down.
Ltcusd risks extending drop to the 84 zone on a downside break as ltcusd challenges 84.5 hurdle.
ASCENDING CHANNEL
Litecoin
LTC/USD
1H
An ascending channel is close to being finished, the price requires a further bigger move to confirm ascending channel breakdown.
In case if price collapses through the support line, the move could predict a bearish move.
Ltcusd to fall towards 84 as minor hurdle remains at 85.
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