Looking at the short-term, it looks to me like we're downward in a C wave that I can see retracing to 8200-8700, somewhere between the .5 and .618 FIB level. If my count is accurate and the larger trend continues, Wave 3's target should be at least 14000, with the possibility for FOMO volume to push it to 17000 before the Wave 4 retracement.
The timeframe is...
LTC is nearing an action point. Predicting a breakout to the upside to begin wave 3.
Recommend everyone do their own research and not depend on this or anyone else's analysis as any type of financial advice. Good luck!
Based on what I'm seeing with Elliot waves on the 1D for BTCUSD, support needs to be set at or above the 10250 level, and a push through the 55 EMA is necessary to continue the uptrend. If not, retracement to .382 - .618 fib levels could be seen if this marks the beginning of a new 12345 cycle.
This is just the opinion of an amateur. This analysis should treated...
