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CANAL ASCENDENTE
Litecoin
LTC/USD
1H
An ascending channel has been spotted.
An ascending channel describes a price action indicator that typically identifies a trend change to the downside if price breaks out.
Ltcusd turns lower towards 42 on a breakout of the ascending channel as there is room for a downside correction.
CANAL DESCENDENTE
Litecoin
LTC/USD
1H
There is a descending channel uncovered.
A descending channel often signals a change in price direction once price breaks out to the the upside.
It is likely that a bullish push up towards 43.2 will be made.
CANAL ASCENDENTE
Litecoin
LTC/USD
1H
There is an ascending channel uncovered.
An ascending channel typically predicts the more likely potential of falling prices once price breaks below support.
Ltcusd to turn bearish to 41.5.
CUÑA ASCENDENTE
Litecoin
LTC/USD
1H
Ltcusd creates a rising wedge and ltcusd calls for a move as a signal of a breakout.
If price breakdown occurs, the move could indicate a break in the price direction.
A bearish push down towards 42 about to be made while lower than 42.5 as there is room for a downside correction.
TRIÁNGULO ASCENDENTE
Litecoin
LTC/USD
1H
There is an ascending triangle appearing and ltcusd wants a bullish continuation as a clue of a breakout.
If price breaks above resistance, the move could identify extending an uptrend.
There is a chance of a bullish move towards 42.5 once above 42 as downside pressure mitigates.
TRIÁNGULO ASCENDENTE
Litecoin
LTC/USD
1H
Ltcusd composes an ascending triangle.
Once price breaks down, the move could predict a bearish price move.
There is a chance of a bearish run towards the 40.5 mark.
CANAL DESCENDENTE
Litecoin
LTC/USD
4H
We can see that a descending channel is close to being done, the price is close to breaking out now.
A descending channel depicts a useful price action pattern that has a downward slope that is used to signal a move up once price breaks above resistance.
Ltcusd targets a move towards the 43 mark.
CANAL DESCENDENTE
Litecoin
LTC/USD
1H
A descending channel is close to being finished and ltcusd wants a next strong move for the certainty of breakout.
A descending channel typically signals an interruption of a downtrend if price breaks above resistance.
Ltcusd risks a move towards the 42 level on impulse above 41.6.
CANAL DESCENDENTE
Litecoin
LTC/USD
1H
We can see that a descending channel has been observed and the price is about to break out now.
A descending channel often results in the bears have run out of steam when price breaks above resistance.
There is a probability of a further bullish price action to 43 as the cryptocurrency is at a brink of a bullish breakout.
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