Critical Levels and Targets for Litecoin #LTC/USDWelcome everyone,
My name is Schyler with NewWave Traders. NWT is a movement in Elliott wave and trading education, a movement in creating independent and profitable traders, and a movement in lifestyle. I've been a full time trader since 2017 in the crypto markets and I help traders create a full time income for themselves without working the full time hours by mastering a proven Elliott Wave trading system that will allow you to trade on your time and live the life you deserve. Hit the follow & like button if you'd like to make it a reality. I've helped hundreds of traders just like you make it a reality for themselves. Looking forward to helping you create your success story and life.
Let's Discuss The Outlook for #LTC/USD
LTC has been moving up correctively and its difficult to see a more bullish count than just the potential gains that a corrective climbing asset can provide.
I've been noticing this among the majority of alts, and the way I interpret this is that altcoins move more in 3 waves than they do in impulses, similar to currency pairs such as EUR/USD. The other way to interpret this from an Elliott wave perspective is that we're dealing with a macro flat correction that will lead to an extensive downside leg that will surprise most investors and induce panic selling as critical levels are broke.
As such, in this chart I highlight the previous lows that I feel are important to maintaining an uptrend without drawing attention to the bears, If successful, this could give us a scenario of $160 for #litecoin.
What are your thoughts on LTC in the chart above? Does it have more upside potential? Or Do you think the critical lows will get broken?
Don't forget to follow, like and comment and I'll be doing a $500 giveaway if I can get ranked as a top #ElliottWave analyst on TradingView.
To Your Success,
Schyler
