Litecoin (LTC) appears to have completed a 1-2, 1-2 wave pattern, a classic bullish setup in Elliott Wave theory that often precedes an explosive move.
This nested formation signals strong internal momentum, where both the higher and lower degree structures are aligned for upside. If the count holds, LTC is now positioned to launch into Wave 3 of the larger Wave 3 — typically the most powerful and extended rally in the entire wave cycle.
This nested formation signals strong internal momentum, where both the higher and lower degree structures are aligned for upside. If the count holds, LTC is now positioned to launch into Wave 3 of the larger Wave 3 — typically the most powerful and extended rally in the entire wave cycle.
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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.