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LTC/USD Elliott Wave Analysis

Long
BITFINEX:LTCUSD   Litecoin / U.S. Dollar
The LTC/USD pair looks to have completed a running flat correction and may now be commencing wave C. It is notable that the (B) wave of the correction was nearly a 1.618 extension of wave (A).

Targets for wave C would be ~$44 with a 1:1 extension of waves A and B and ~$54 with a 1.618 extension .