For now, Litecoin seems like a forgotten coin until this happens just like I posted SHIBUSDT (see analysis below) few months ago before the breakout of the range we see recently, such I think will be the case of LTCUSDT .
I have few just two major scenario and this is the first one. According to Elliot Wave Theory, looking at the chart for this scenario it seems like we will be breaking out of this range in coming weeks or late next month (May).
Litecoin is very different from other ALTCOINS it is kind of stable and goes at it own pace. more reason why I believe more in this scenario following it journey in the ASCENDING CHANNEL. (see other scenario on page)
are we surprised about LTCUSDT? No we are not. It is playing by the book nicely following the blueprint. Do not forget the target when reached is a good zone to enter or DCA
Note
this scenario is still in play who wants to see the next move on an update?
Trade closed: target reached
LTCUSDT is going according to plan perfectly. Now you know after taking some profit at that peak we will be heading for $75 - $68 that is where we set to re-enter the market for the bullish continuation
Note
so you tell me, is it playing perfectly or not LTCUSDT
Note
Finally Updated - Short - Midterm bearish and Mid - Long term Bullish
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.