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.
