TheFinancialForecast

Litecoin and Crypto only need time before skyrocket

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
The major cryptocurrencies are correcting the bullish cycles started from the bottoms of early this year. Litecoin made a top in 142.22 and plummeted to 75 breaking the time relationship between waves. If price balances the time, sideways movements should follow and a potential low between the lines and inside the blue box or attractor can take place completing a corrective way. If this happens, then is only a matter of time for the Litecoin and cryptocurrencies to go for new highs.
Its hanging on to the 200 MA on the daily by a thread. Once it breaks disaster will follow
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Litecoin will most likely trade in the 90's support zone max 104 making newer highs in about 150 days or so. Lots of scalping for sure.
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