Short

LTC one more leg down to 125 range?

Updated

My EW and Fib observations make me think we have one more down leg to come.
LTC has not bounced as well as BTC did, and not even close to what ETH did.
So if either BTC goes down some, or especially if ETH takes another dip, LTC will surely make a new low.
This is not what I WANT, only what I am thinking.
Actually, I do want it, would love accumulate LTC in the 100-125 range.

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:
Small bounce so far, from just above my support zones.
Maybe that was it, but I am thinking 124-124 is still on the table.

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LTC trying to bounce ahead of my target, and that would be good.
But am a bit suspicious that it got away without testing 125

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Note to self, LTC may have pulled a 236 u-turn this time, a little ahead of its bigger brothers.

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LTC gunning for 140 already?

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LTC might still have a micro Wave 5 to complete.
That retrace sure looks like a 4 (and not an ABC after a 5)

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I am a little nervous about LTC not having tested 125, that nice round psych number, so am prepared for this:

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Last chance for a wave 4 to end 5 to start towards 140

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Everybody is holding ranks, but no Cavalry (buyers) yet

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LTC has revisited support zone, looks to be holding.
I am adjusting to account for new movement now.

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LTC still wants to test 140

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nice bounce off an obviously relevant fib line

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LTC fighting a lot of 618's here, but seems determined to test 140

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LTC stops tripped above 140

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Take a close look at the resistance zone.
Each of the red boxes defined by fib lines.
Notice the 'spring' off the narrow dark red band.
That should be support in the future.

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Back below resistance again.
But sell walls were pierced last night.
If pierced again, Chikun might fly.

EuroMotif

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