Overall, LTC/USD is looking bullish. The initial move from $135 to $210 wasn't as impulsive as I would have like with only reaching the 1.382 extension. However, it didn't violate any Elliott wave rules so I remain bullish. I'm currently looking to average into a position and looking for a C corrective wave unless $210 is taken out. If it is, I will wait for the next opportunity.
Looking at the bigger picture and keeping the bearish possibility in mind, I am watching for the potential to break down below the $135 low. At that time, I will be watching for a move to $100. Also watching for a breakout above $220 resistance.
Looking at the bigger picture and keeping the bearish possibility in mind, I am watching for the potential to break down below the $135 low. At that time, I will be watching for a move to $100. Also watching for a breakout above $220 resistance.
