Litecoin may be on the verge of a breakout following nearly four years of accumulation. From a technical standpoint, this could lead to a powerful rally toward targets in the $600–$1000 range. However, the timing of this Wave 4 consolidation don’t align particularly well with a typical, healthy correction. A break below the red line would invalidate the current count and shift focus to my secondary outlook.
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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.