r/ltc

ChartScout picked up a clean Symmetrical Triangle on the 15-minute chart. Price is compressing between converging trendlines, and the structure is looking pretty textbook so far.

With maturity already at 80.9%, this one feels close to a resolution. Simple setup, clean chart, and a solid example of market compression. DYOR.

Pattern details:

• 📌 Pattern: Descending Triangle
• 🕐 Timeframe: 1h
• 🔴 Resistance touches: 2 (Descending line)
• 🟢 Support touches: 3 (Flat line)
• ⏳ Maturity: 87.3%
• ⚙️ Status: Forming

A descending resistance line converging onto a flat support level on LTC/USDT's 1-hour chart 5 total trendline touches confirming this Descending Triangle structure at 87.3% maturity.

Detected automatically by ChartScout real-time AI chart pattern detection.

Not financial advice. Shared for educational purposes only.