Open:
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RECTANGLE
Litecoin
LTC/USD
1H
A rectangle emerges and the price is ready to break out soon.
A rectangle denotes a signal that typically signals a further move up when price breaks through the resistance.
Ltcusd points to the upside to 59.
CANAL DESCENDANT
Litecoin
LTC/USD
1H
A descending channel takes place, the price is ready to break out.
A descending channel is considered to be a technical bullish price action signal that predicts a bullish price move if price breaks out to the the upside.
Ltcusd to look for a further push to 58.5 on a break above 58.2 as outlook for ltcusd stays positive.
CANAL DESCENDANT
Litecoin
LTC/USD
1H
The price builds a descending channel and ltcusd demands a further strong bullish continuation to confirm a breakout.
A descending channel is believed to be a specific bullish pattern that can be used to spot reversals in downtrends if price breaks out to the the upside.
Ltcusd violates bearish trendline towards 58.5.
CANAL ASCENDANT
Litecoin
LTC/USD
4H
It seems like an ascending channel forms.
An ascending channel can be thought of as a compelling price pattern that is used to signal that the price to go short once price breaks out.
Extra downside to 57 stays on the cards as door open for a test of 57.
BISEAU DESCENDANT
Litecoin
LTC/USD
1H
A falling wedge develops and the price is close to breaking out.
A falling wedge is a useful bullish signal that is used to spot the bears have run out of steam when price breaks out to the the upside.
There is a probability of a bullish continuation towards the 58.5 level.
TRIANGLE DESCENDANT
Litecoin
LTC/USD
1H
A descending triangle has been exposed, the price demands a more active move as a sign of a breakout.
A descending triangle can be thought of as a compelling price indicator that predicts an extension in the downward direction in case if price breaks out to the the downside.
Ltcusd turns bearish towards 58 on a breach of 58.4 as the cryptocurrency becomes vulnerable.
CANAL ASCENDANT
Litecoin
LTC/USD
1H
It looks like an ascending channel has been observed and the price breaks out now.
An ascending channel represents a formation that typically results in a bearish price move when price breaks down.
Ltcusd to push down to the 58.5 mark as ltcusd is at a brink of a bearish breakout.
CANAL ASCENDANT
Litecoin
LTC/USD
1H
There is an ascending channel exposed.
An ascending channel is said to depict a chart formation that has an upward slope that results in a break in the price direction when price collapses through the support line.
Decline towards the 58 zone about to be made on a breakout of the ascending channel.
TRIANGLE DESCENDANT
Litecoin
LTC/USD
1H
It seems like a descending triangle has been encountered.
Once price breaks through the resistance, the resulting move could signal a move up.
Ltcusd could attempt a move towards the 58.8 zone.
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