LTCBTC - I see a BIG wedge forming..
The LTCBTC pairing has historically remained 1:1 as Litecoin is the Silver to Bitcoin's Gold. But LTC has recently been building a lot of hype around its new features and the charts have reflected it with very bullish retracements and being the first to spike up since the 6k BTC dip. There's reports of LTC moving to a market cap of 1:5 with BTC by July this year. This upcoming bull run would be a good first step.
This chart creates a wedge with a baseline support created from chart trajectory extended from previous dip. This angle also coincides with support line convergences of 10 points or more at .0183 region, a clear bottom. Impulse Elliot Wave is based on major points of convergence and FIB extension. This chart also works in conjunction with my previous LTCUSD projection of $374 on 3/5/18. Good time to buy the dip :)
This chart creates a wedge with a baseline support created from chart trajectory extended from previous dip. This angle also coincides with support line convergences of 10 points or more at .0183 region, a clear bottom. Impulse Elliot Wave is based on major points of convergence and FIB extension. This chart also works in conjunction with my previous LTCUSD projection of $374 on 3/5/18. Good time to buy the dip :)
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