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Litecoin
Short

Will the long-awaited capitulation come?

By Fox666
LTC moves from its ATH in a huge descending triangle similar to BTC. If it pierces it downwards, the triangle transforms into a channel. If the economy comes to a halt thanks to global COVID measures, stock markets, oil and gold are likely to fall epic. Crypto copies these big moves. The LTC may test $ 4. Notice the fibo-extension on the right, how incredibly the wave (c) 1.01 rises to 4USD, where the pump started in March 2017. It is possible that the LTC will clear this exponential and return briefly to 4USD. The main signal could be breaking through the weekly MA 21 on the BTC. We see that the LTC is already below MA 21 and cannot return above it.
Elliott WaveFibonacciTrend Lines
Fox666

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