JordanAadiel
Long

LTCUSD Elliot Wave Theory

COINBASE:LTCUSD   Litecoin / U.S. Dollar
Greetings traders!

Some have viewed this as an Inverse Head and Shoulders series, however I have taken a more appropriate view.

The Elliot Wave theory with an a-b-c correction indicates a strong, bullish movement to the upper resistance level .

The price has also once again retested the 200 EMA , fuelling the bulls.

The price seems to be in a three-drive pattern leaning towards the upwards momentum as well.

For more, feel free to follow me and checkout my other ideas as well.

Wish you all a great trading week,

Good luck!

Comments

THANKS CHECK GBP/AUD
+1 Reply
@FXDAVID_, will do :)
+1 Reply
It happened, just in another range lol
Reply
JordanAadiel CommunismWillWin
@CommunismWillWin, lol the prediction was half-thought, the Wave demonstration was the main objective.
Reply
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