Updated

LTC, still Bull market?

The market didn't turn to panic as my last analysis, and the buyers and holders shows their strong confidence, that makes me to review my chart and make some update, for now LTC futures is still running in the up channel, if the lower track holds, we will see a 5 wave coming to make new highs.
But still, the Stoch-RSI on 1DAY and 3DAY still makes me worried, so, wait for a break through... in any direction.

Note

If this correction too strong on 2H and break the support level, that will pull down the Stoch RSI on 1DAY, so holders, be careful.

Note

Which Elliott wave is right? I prefer the second one

Note

LTC this time is really strong than BTC, I believe we will see a pull up at Monday when Bitstamp load LTC, but after that I think need to be careful.

bamboodian

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