Litecoin Technical Analysis
Updated
Well we are now approaching the double bottom for litecoin at $104. Here we are hoping the resistance will be enough to get it started on an Elliot Impulse Wave. If this fails we will continue to the bear trend and look for a new resistance line to recover on. With bitcoin closing in on its double bottom at $6,000. I believe there is a strong possibility that Bitcoin could begin the elliot impulse pattern as Litecoin would follow. These are 2 ideas to watch out for and another possible attempt to switch Litecoin to a bullish trend. All we can do is hope for the best! Please leave a like/follow if you enjoyed. I will be updating this analysis as time goes on. Feel free to leave a comment what you think and any ideas you may have. Thanks!
Note
Litecoin till currently following the trend down as expected, slowly approaching our double bottom.Note
Litecoin looking great right now! Lets hope these coins go to the moon! Ride the Wave Litecoin!Note
Litecoin with a breakout nearing the double bottom, looking to see if it can keep moving up or if it will ride back down. Currently loosing momentum.Note
Hit play and look at how perfectly Litecoin has followed the trend to this point!!Note
looking for a fall in price following the increase to around $120.Note
Began falling today as expected, hopefully can shoot back up following the resistance around $120!Note
Litecoin Still currently following the pattern down thus farNote
Bear Flag forming, expecting a drop in price to around $120-$130 before beginning wave 3
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