Litecoin analysis: 4 hr tf live update
Litecoin analysis is presented here on a 4 hour time frame candlestick chart.
Price action from September 4 to November 14, 2018 is outlined in this analysis using a descending triangle chart pattern (ideally bearish).
Price breaking out below $47.84 confirmed the bearish implication of the pattern. Besides, the width of the pattern provides a useful way to determine the minimum extent of the current bearish momentum, with Litecoin in the low $20’s plausible.
Price action from September 4 to November 14, 2018 is outlined in this analysis using a descending triangle chart pattern (ideally bearish).
Price breaking out below $47.84 confirmed the bearish implication of the pattern. Besides, the width of the pattern provides a useful way to determine the minimum extent of the current bearish momentum, with Litecoin in the low $20’s plausible.
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.