EuroMotif

LTCUSD near term targets: Litecoin bounce from 75 to 86 ?

COINBASE:LTCUSD   Litecoin / U.S. Dollar
Quick plot to guesstimate LTC bounce targets.
Purple Fib was clearly in control of down wave.
Blue Fib took over immediately upon bounce.

The 12345 Elliott Wave is messy but within rules.
If 4 overlaps into 1 at all, then it is only corrective.
Corrective as in 12345 is really (A) of an ABC to come?

If wave 5 extends to 86. xx then more likely continuation of uptrend.
If wave 4 breaks into wave 1 then count is wrong and new prespective.
Since wave 2 was shallow but wide, 4 should be deep but narrow (quick).




May 04
Comment: Nice fib confirmation. Absolutely do doubt bids are exactly on the line
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