Litecoin (LTCUSD): Another big long-term opportunity incoming

Mar 3

Litecoin (LTCUSD): LTCUSD

For Litecoin, the analysis starts from December 2018, focusing primarily on the activity from 2021 to the present. It indicates that the major Wave II concluded at $41.60, and currently, Litecoin is in a major Wave III that is expected to exceed $413, representing a potential increase of 450%. This projection is based on a detailed examination of the coin's performance after the first two bull markets, suggesting significant growth potential within this cycle.



The strategy involves waiting for an opportune moment to enter the market, aiming for long-term holding rather than immediate action, based on the completion of sub-Wave 1 and 2 in red, with Wave 2 ending at $57.71. The current phase is believed to be within Wave 3, anticipated to reach between 161.8% and 361% extension, equating to a price range of $162 to $290. The upper limit of $290 is considered the maximum for this Wave 3, as going beyond would be unusual and not align with typical Wave 3 behavior.

By zooming into the 4-hour chart, short-term entry points are being identified, noting that Wave ((iii)) in black has already developed a smaller sub-wave and is currently in a minor Wave (iii) in blue, expected to significantly increase shortly. Our plan now is to wait for a correctional Wave (iv), which may take days or weeks to materialize, at which point a limit order will be placed for our long-term investment, as we missed the end of Wave 2 due to the timing of our analysis.

Mar 11

Comment

Litecoin #LTCUSD
For LTC (Litecoin), we maintain our expectation that we are currently in the subordinate Wave (iii). We anticipate a significant increase towards the 227% to 361.8% Fibonacci extension levels. Following this, we should see the Wave (iv) correction, where we plan to place our entries. Until then, we remain patient, avoiding any premature entries. We will wait for the rise to occur and then for the subsequent decline before making our move.

Mar 12

Comment

We have just found a new entry opportunity, as we see the internal wave (iii) completed. You can find the analysis in the link down below:

Mar 21

Trade closed: stop reached

🔴 Trade Update Long-Term🔴

Litecoin #LTCUSD

For Litecoin (LTC), unfortunately, we were stopped out. Wave (iv) ended precisely at the level of Wave (i), making it valid but exceeding our expectations for the retracement. We now anticipate an overarching Wave ((iii)) and a Wave (v) that should be developed, expected to be in the range of $106 to $124. This is our target area now. We don't have an open trade at the moment, but we'll look for new opportunities to enter Litecoin when appropriate. 👍