We have successfully predicted litecoin's bottom through wyckoff analysis published in January 1 which recorded around 65% gains since it publication.
As an update, we have yet to see $LTC to complete the whole move. We are still at macro perspective but we are short term. We are expecting $LTC to make a short rally forming a 3 Tops pattern or a before resuming price drop to our wave 4 target in the next few days as shown in the next chart.
Wave 4 will likely fall in the previous trend resistance now acting as a support somewhere around 0.0105 level. This shorterm move will likely be violent as we printed a strong divergence both in the 3D and 1D chart. A good bounce from the support (our last point of support based from our previous wyckoff analysis) will send litecoin towards its wave 5 target which could complete the 100% target we originally expected for the entire litecoin . Its around 50% move from wave 4 to Wave 5. This could go even higher once Litecoin breaks above 0.01333 which will confirm a pattern. A break out on this level could send Litecoin in an extended wave 5. This could even challenge December 2017 high in BTC terms.
Relatedly, $Storm is showing signs of following Litecoin's path. Its currently forming a huge formation that is also backed by a divergence signal. To complete its 5 wave move to the patter's resistance, $storm will have to make a huge 200% rally as shown in the chart below. Caution should be exercise while making an entry on this coin as it currently has below 50BTC at binance.
That's it guys. I welcome your feedbacks.
This is just a guide, not a trading advise.
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-Your Poop Trader