EuroMotif

LTCUSD ready for a pullback? Litcoin wave done for now?

COINBASE:LTCUSD   Litecoin / U.S. Dollar
Litecoin rose along with Bitcoin , but to its own tune/frequency.
It had perfect 4.236 and 4.618 extensions, common wave-enders.
Now watching for the common pullback to Band 2, for bullish bounce.

Every line is worth watching closely, as price should react.
The exact Pings of band 4 imply the same coming down.
Band 2 is common retrace, but the 1.618 is possible as well.

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Aug 02
Comment: Near perfect Ping of the 2.236 lets see if bounce holds, it might ....

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Aug 02
Comment: Bounce is holding pretty good so far. Now lets see if bulls can push past the 3.236 at $96.08
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Nice chart. since the halving deadline is 5th of August 2019, there could still be a rise to 105$ range... this market reacts to timers and there is one released by LTC team here https://www.litecoinblockhalf.com/

After that, as Charlie Lee himself has predicted a major drop, probably to 50$-60$ zone. I think LTC can go as low as 45$. Just my thoughts, I could be wrong. :)
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EuroMotif doctorkesh
@doctorkesh, Thanks for your input and link.
This will be an interesting event to watch.
Last LTC halving the price dropped dramatically.
Of course the market and consumer awareness are quite different now, lets see if that makes any difference.
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