EuroMotif

LTCUSD headed to $150? Litecoin has Blue Skies above $100 clouds

COINBASE:LTCUSD   Litecoin / U.S. Dollar
LTC lead the rally off the bottom, then rested while the brothers caught up.
Now that Bitcoin has had its sprint session, now should be Chikun's turn again.
Considering the "halvening" and other fundamentals, we should keep going up.

My Elliott Wave plots are questionable, as I am not an avid EW practitioner.
But my Fibs are SOLID and the zones will surely be important when approached.
Next 2-3 days might be fir consolidating, preferably just below $100 psych level.

110-112 is the minimum expected for wave V.
129-131 would be a slightly extended wave V.
148-151 would be a parabolic end to the wave.

* Drop below $72 invalidates the entire map. *

My previous analysis pointed to $86 as the recovery bounce



Jun 10
Comment: Extended V target hit (well almost, looks like it has more gas to finish that last bit yet)

.
Jun 10
Comment: "Extended" target hit exactly. Now just the "Parabolic" one left
Zoomed in, we see the precision of the Fibs
Now time to observe/measure the retrace (if there is one) to evaluate the likelihood of hitting the last target.
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Comments

Litecoin has already increased by almost 500% and it still has a bullish outlook. Will happen the same to Bitcoin with its next halving in one year?

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Very nice call!
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EuroMotif knowlton23
@knowlton23, Thank you very much!
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Joker33 knowlton23
@knowlton23, yep epic call
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