LITECOIN - Intraday Update - 12/03/20 (Short-term) Bottom Line: Subdividing higher within wave iii of (iii)
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Trade active
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Outlook: Expecting LITECOIN to recapture its $93.159 high and beyond.
Analysis: The break above $93.159 signals the fourth wave triangle consolidation discussed yesterday is complete, and the move puts LTC back on track to challenge the next upside hurdle. The bulls are in control while $64.602 - wave ii - stays intact as support.
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Trade active
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Breaking above $93.159 is the next upside objective for the bulls. Bottom Line: A fifth wave rally is in its early stages.
Note: Prices can vary between exchanges, and consequently there may be differences in our chart prices due to different data sets.