Short

LTC (LITECOIN) UPDATE - SHORT TERM TRADE SETUP

Updated

This is update following through on our daily timeframe analysis. It looks as though we are about to end an impulse (context on daily timeframe chart - see below).

Wave 1, 2, 3-green is done. Wave 4 has begun, already created it first wave A, B & C where wave C retraces and has been rejection at the 60% Fibonacci level of wave A which looks like a perfect order block or some other fancy names other analyst call it :).

Now we wait for wave D & E to complete. Meanwhile we could see a push out of the channel close to previous swing high (wave A-blue) at $88 to which would still end up being a Triangle but that scenario is very less likely. Either way the invalidation (red dotted line) is clearly on the chart ($92.97)

More confluence, classically, is the DESCENDING PARALLEL CHANNEL where price has rejected few times (circles) from here on I expect price to start dumping to create some kind of short term temporary support which becomes a sell side liquidity to be taken later. I mean come to think of it, it's weekend so that little usual dump is expected too.

PREVIOUS ANALYSIS

LITECOIN BLUEPRINT IS RIGHT HERE WITH SO MUCH ACCURACY

OTHER ANALYSIS

UPDATE ON POLKADOT - FINAL MOVE BEFORE THE BULL RUN

ADA (CARDANO) RETIREMENT SETUP - MACRO ANALYSIS - $35

BITCOIN - THE SCARY PART OR WORSE CASE SCENARIO

PEPE - ONE MORE ZERO TO CANCEL - SUPER BULLISH

Note

looks like a lot are still sleeping on this till it happens. Ok I'll remind you this

NO ONE IS TALKING ABOUT LITECOIN UNTIL THIS HAPPENS - SCENARIO 1

Note

DewyCandles

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