LitecoinShort
Litecoin In Progress
Back again with my favourite coin!
So, my last chart I made the same mistake as my Ripple chart. I counted the 3 Wave as being completed when it hadn't been yet. But once again my correction target still stands in the 0.5 fibb to 0.618 Fibonacci Retracement range.
We bounced off the 0.382 Fibb on Wave A and are now completing Wave C in Wave 4. Once complete we should push up to the 2.618 Fibb extension of Waves 1 and 2.
Target for bottom of Wave 4 between $131 and $140
Target for top of Wave 5 around $185
I hope that you enjoyed my analysis. Please always remember that targets are not set in stone and to always practice proper risk management! Please like and comment any questions you may have below. Happy trading!!
So, my last chart I made the same mistake as my Ripple chart. I counted the 3 Wave as being completed when it hadn't been yet. But once again my correction target still stands in the 0.5 fibb to 0.618 Fibonacci Retracement range.
We bounced off the 0.382 Fibb on Wave A and are now completing Wave C in Wave 4. Once complete we should push up to the 2.618 Fibb extension of Waves 1 and 2.
Target for bottom of Wave 4 between $131 and $140
Target for top of Wave 5 around $185
I hope that you enjoyed my analysis. Please always remember that targets are not set in stone and to always practice proper risk management! Please like and comment any questions you may have below. Happy trading!!
Related publications
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.