LTC: bullish corrective triangle
Litecoin correction is in progress, and how is happening in many cryptos, it is a triangle.
Litecoin is following exactly the Bitcoin path.
Right now we have, most probably, waves a, b, and c done. So Litecoin needs 2 more corrective waves in order to complete his correction. It will take a while. These type of corrections are long, but once completed they can generate an explosive vertical surge in price, comparable to the previous wave.
If the bullish simmetrical triangle pattern will be confirmed, target could be 470.00 or higher, exactly as the hight of the triangle.
Just be patient
Litecoin is following exactly the Bitcoin path.
Right now we have, most probably, waves a, b, and c done. So Litecoin needs 2 more corrective waves in order to complete his correction. It will take a while. These type of corrections are long, but once completed they can generate an explosive vertical surge in price, comparable to the previous wave.
If the bullish simmetrical triangle pattern will be confirmed, target could be 470.00 or higher, exactly as the hight of the triangle.
Just be patient
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