Litecoin (LTCUSD): 
LTCUSD
In the 4-hour chart for Litecoin (LTC), it appears that we've seen the end of the subordinate Wave (iii) and Wave (5) at the 227.2% Fibonacci extension level. Now, we're anticipating a Wave (iv) correction, which should reach the 38.2% to 50% level. We don't expect it to fall much further. It should surpass Wave (iii), at least reaching the level of $115, which will likely act as a strong resistance zone. It remains to be seen whether we will break above this level to ultimately complete the overarching Wave (iii).
LTCUSD In the 4-hour chart for Litecoin (LTC), it appears that we've seen the end of the subordinate Wave (iii) and Wave (5) at the 227.2% Fibonacci extension level. Now, we're anticipating a Wave (iv) correction, which should reach the 38.2% to 50% level. We don't expect it to fall much further. It should surpass Wave (iii), at least reaching the level of $115, which will likely act as a strong resistance zone. It remains to be seen whether we will break above this level to ultimately complete the overarching Wave (iii).
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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.