LTC - Ascending Triangle - Possible Price Rise

11 Mar 2018

LTC/USD forming ascending triangle.



All in place:
Price trend - Can be any direction leading to the chart pattern.
Shape - Triangular. Prices move between two converging trendlines.
Trendlines - Two trendlines bound prices; the top trendline is horizontal and the bottom one slopes upward.
Crossing - Price must cross the pattern from side to side, filling the triangle with price movement, not white space.
Touches - Price must touch each trendline at least twice, forming distinct valleys and peaks.
Volume - Trends downward 77% of the time.
Breakout - Upward 70% of the time and 61% of the way to the triangle apex (upward breakouts) and 62% of the way for downward breakouts.
Average rise/decline: 35%; 19%

Credit - Thomas N. Bulkowski
source - thepatternsite.com/at.html

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This information is not a recommendation to buy or sell.

11 Mar 2018

Not

Just added lower first target - more realistic

11 Mar 2018

Not

If triangle breakout downward that is my target for short position. Pattern become valid once breakout occurs ( candle has to be closed )

12 Mar 2018

Not

Triangle broke out downwards so target should be around 150$

15 Mar 2018

Not

Target reached