LTC/USD - The answer to market's current state

Updated

While everyone is so busy with the ol' famous question "When moon Bitcoin, sir?!?" , Litecoin has a more "clear" answer to that.

The only alt coin out of the big ones that has a clear impulsive wave up and shows that the correction is more likely over. But that doesnt mean that the only way from here is upwards.

If you want to know whats gonna happen the next few days/weeks you should keep a close eye to litecoin, its leading the pack for now.

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Indecision still on Litecoin, dont listen to random twitter celebrities that talk big. There is no crystal ball, angle wings, or kings crown.
They are just fancy words for "i have no idea" . Very few know the fate of this and they definately dont share it on social media.

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Market decides retest of the lows. I will keep this updated as the waves develop, for more precise targets.

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Litecoin! Same as Bitcoin, what a surprise! Wave 4 around 200. Wave 5 to complete c somewhere on the bigger box.

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LTC, although looking impulsive, it should be missing a wave. Retest of the local low is the minimum here.

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Nothing has changed here, just a bigger retracement than expected. Bottom between 140-155.

LTCUSD: Litecoin Is Showing Bullish Setup

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I think LTC is missing a minor wave, but it should favor a ~10$ move from the bottom.

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We are not certain if bottom is in on LTC yet, despite hitting the targets.
I would advice extra caution on levels 164 and 173.

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"Random" , "Lucky" , "Coincidence" .

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LTC getting denied at the second target, interesting staff!

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Dont forget, Litecoin has the answer, spending time to understand Bitcoin is a waste of energy and time.

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If you dont follow Greg, you are missing out! Check his recent update.

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Just like Bitcoin, i dont have a count on Litecoin either. Overall, i expect a lower low than the current one. There are some fib corelations on those levels. Just sharing it in case someone has a better idea on whats going on.

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130$ LTC, anyone? This little guy likes to bounce on the .65 . Like A LOT.

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Litecoin made a lower low and its now heading to low 120 levels for a potential bounce.

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this is on binance

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Someone with a fat finger is already accumulationg on binance . Woops.

Trade closed: target reached

3rd target.

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Same scenario on LTC. The younger brother looks stronger.

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Red candles are getting weak, expecting some short term bounce here and a bigger one at 117$. Its a game of patience. You dont need to check it often, just set alarms. :)

Trade active

going long, it will retest the bottom, but it doesnt matter at this point

Trade closed: stop reached

Stopped out at 121 after the entry. its a good idea to raise your stop loss when you are uncertain and you exit with profit.

Acel

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LTC/USD - Litecoin in consolidation before the last run

by Acel

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