Open:
High:
Low:
Close:
CANAL ASCENDANT
Litecoin
LTC/USD
1H
We can see that an ascending channel is encountered.
If price breaks below support, the resulting move could predict a bearish move.
Corrective downside to the 53 mark is on the cards.
CANAL ASCENDANT
Litecoin
LTC/USD
1H
An ascending channel is close to completion and the price requests an impulse down as a signal of a breakout.
An ascending channel is said to depict a useful price action pattern with an upward bias that is used to identify an extension in the downward direction if price breaks out to the the downside.
Further decline towards the 53.5 zone is likely on a downside break.
CANAL DESCENDANT
Litecoin
LTC/USD
4H
We can see that a descending channel is close to being completed, the price demands a next move as proof of a breakout.
A descending channel is said to depict a chart indicator that is used to spot a move up if price breaks above resistance.
Ltcusd turns higher towards the 56 zone.
RECTANGLE
Litecoin
LTC/USD
1H
We can see that a rectangle is almost completed and the price asks for a further steady move as an indication of a breakdown.
A rectangle tends to be a compelling price action signal that signals a sharp decline in case if price breaks out to the the downside.
Extra downside towards 54.5 stays on the cards as the cryptocurrency becomes offered.
CANAL DESCENDANT
Litecoin
LTC/USD
4H
As we can see a descending channel has been detected and the price lacks next push up as evidence of a breakout.
A descending channel is said to depict a technical chart formation that is angled down that is used to indicate a bullish price action when price breaks through the resistance.
Ltcusd opens door for a move towards 57 on a upside break.
CANAL DESCENDANT
Litecoin
LTC/USD
1D
There is a descending channel spotted, the price breaks out.
A descending channel signals the more likely potential of rising prices when price breaks through the resistance.
There is a possibility of a further bullish run towards 60 on a upside break.
DRAPEAU HAUSSIER
Litecoin
LTC/USD
4H
There is a bullish flag recognized.
A bullish flag describes a specific pattern that is used to signal a downward trend is about to reverse into an upnward trend once price breaks above resistance.
Ltcusd to prolong the growth phase towards 55.
RECTANGLE
Litecoin
LTC/USD
1H
It looks like a rectangle is almost done and the price is ready to break out.
A rectangle provides a specific bullish chart indicator that indicates that prices are likely to keep rallying upward when price breaks above resistance.
Ltcusd to grind higher towards the 54 mark on a upside break.
CANAL DESCENDANT
Litecoin
LTC/USD
1H
As we can see a descending channel pops up and the price expects an active move to confirm descending channel breakout.
A descending channel is said to depict a technical indicator that is used to identify an interruption of a downtrend in case if price breaks out.
A move towards the 53.5 zone stays on the cards.
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