LitecoinLong
Litecoin (LTC) - The Bullish Case
The long-term potential of Litecoin is looking very promising for an upside move.
Technical analysis:
Let us know your thoughts on LTC in the comments.
Technical analysis:
- The Elliott Wave structure of Litecoin suggests that Wave (V) is now underway to complete a complete a larger degree wave cycle.
- It's likely that Wave c of (IV) has completed as LTC has retraced to the 50.00% Fibonacci level of Wave (III) & 200.00% Fibonacci level of Wave a, these levels have shown to be a strong level a support.
- The expected target for Wave (V) is between 508.483 & 580.834 as Wave 5 is typically inverse 1.236 – 1.618% of wave 4, equal to wave 1 or 61.8% of wave 1+3
- This setup will remain valid as long as the price remains above 118.500.
Let us know your thoughts on LTC in the comments.
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