I believe we are still going to have a wave C with a target somewhere between 10k - 11k if we cross our descending channel (the one in blue)
In a smaller time frame we see formation of 5 waves up and correction ABC, that's good, it means that we are already going upside. We probably get some momentum after the weekend.
BTC: 1DHUBNH3GhC8v2LmPRZrYhMBx5ogepGyxN
If we break out on this pennant downwards, we may see a dip, just buy it, if you are reading this and still hodling, DON'T PANIC on the dip, wait for a better chance to sell it, things just don't go to 0 that fast :) GL!
PS.: play safe, we might see lot of FUD from CNBC and Coindesk, unfortunatelly it does affect some traders and investors and it will affect the outlook of our targets.
Market for LTC is slow, but still moving . We probably are going to see a triple bottom on LTCBTC chart, or even lower (panic sellers) during this wave C, which will give us some volume. Good luck!
As we see above, there are are some new patterns, btm we didn't get out of it yet.
If we cross the upper line on 13.2k-13.5k, we will probably get a bounce for new entrance and a huge amount of traders (that still are waiting for a second dump) getting in.
If we cross the lower line on 11K, we will dump back to 9k-10k zone, making a double bottom pattern, or...
