Litecoin has a very strong potential bottoming structure after being extremely weak since back in Spring and relying on Bitcoin for the short term gains.
Will it kick off the alt season like the previous one? Very likely, imo.
Text doesnt show up... Alternative count in case this is just a rally before making new lows.
Will it kick off the alt season like the previous one? Very likely, imo.
Text doesnt show up... Alternative count in case this is just a rally before making new lows.
Note
All this overlapping and low liquidity doesnt really help on identifying the correct count. This is probably a flat correction (left) with lower prices eventually. There is a small chance that its impulsive but given the almost full retrace its now low probability (right).Note
5 waves up on key resistance on litecoin, should keep going up either from here or after a deeper retracement. Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.