Litecoin price chart shown in this analysis is a 1 hour time frame from August 4, 2018.
Price action from September 4, 2018 to date is described using as a symmetrical triangle; a chart pattern that ideally indicates stalemate between demand and supply.
~$62.36 and $50.48 are indicated as price levels to pay attention to as a break above the former implies resumption of bullish strength, while a break below the latter indicates further lower prices in Litecoin.
The width of the chart pattern is valuable in providing a minimum estimate for projection of the price following a confirmed breakout.
Interested in Bitcoin analysis (BTCUSD)? Check out our previous work below
https://coinanalyst.investments/2018/10/15/bitcoin-analysis-8/
Moreover, XRP chart analysis (Ripple) can be found here:
https://steemit.com/trading/@cryptotrader0029/ripple-analysis-today