LITECOIN under Bearish Mode#Litecoin 1hr. Chart Analysis
As per previously movements of CRYPTOCAP:LTC into #HarmonicWave Patterns of Butterfly Bullish trend is completed and now CRYPTOCAP:LTC moving under Ascending Broadening Wedge Pattern, it indicates always Bearish signal. It means, Soon CRYPTOCAP:LTC reach out towards lower of $89 soon in 24 hrs. after break-out of $90 again.
As per this Harmonic Wave signal, it's next cycle goes to completion with final cycle on Bullish trend towards $100 again up to next week.
Always read research and analyse pattern, signals, waves and indicators before starts any trade and trade with using of #StopLoss, It's #NFA & #DYOR
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LITECOIN - Ascending Broadening WedgeLITECOIN 1-hr. Chart Analysis
At Present, CRYPTOCAP:LTC moving hourly into Ascending Broadening Wedge Pattern, that indicates the #Bullish signs for its Uptrend growth with another mark of $118 to $125 next but as per its coming Downtrend cycle, last time chances their availability of $96 to $102 also.
Lets see, either its perform perfect or give any breakout for next trend of divergence.
Into August LITECOIN #Halving also Coming..
Always #DYOR and Trade wisely by using #StopLoss
its #NFA
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LTCUSDT : Descending Channel Time Frame: Daily
Structure :
Descending Channel:
A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a falling channel or channel down. The upper line is identified first, as running along with the highs and is called the trendline.
Price Currently took support at Trend Line Support Zone
Moving Average: 150 MA :
In the daily time frame price is observed below 150MA, which indicates the short term trend is still on the bearish side
Expectation/Probability :
Price can reverse from the current support level till the 90$(Bullish) or Price Can Break the Channel Support then it may fall till 30$(Bearish)