Litecoin finishing wave 2?

Could see a bit more downside before up, China is important to ltc as well so that can be an excuse.

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Bouncing here at .0155. At least for now.

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Going lower....looking for a hit of the first target

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Still expecting a reversal soon around .0161-.0162...if the price manages to sustain above this level then I will probably believe the bottom is already in.

Trade closed: target reached

: )
Possible that is all we get or way may get a nice bounce before heading to target 2. Wouldn't count on it though.

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Yup, support retested on the 1h and looks like it held:

Next obstacle is the blue descending trendline, above there and I think its fairly safe to say the bottom is in.

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Oh noes, support broke, next target coming!

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yup, access denied! Now former support made resistance, 30 min chart:

Trade closed: target reached

Thanks for playing.

ltc-joe

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The Litecoin correction is over

by ltc-joe

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