Coin_Analyst

Litecoin Elliott wave analysis: 4 hr tf

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
Price action of Litecoin ( LTCUSD ) from ~$113.08 on April 10, 2018 to ~$165.47 on April 24, 2018 is interpreted in this analysis as an ongoing impulse wave (5 wave) move in which a Minute wave (( iii )) just terminated or perhaps a Minute wave ((c)). Either scenario however does call for a correction in Litecoin which is currently ongoing, after which LTCUSD is expected to resume its bullish trend .

Further price action and appropriate use of guidelines will help clarify the progression of Litecoin from the mention bottom at ~ $113.08.
looks like a H&S on the 1hr though?
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@max69, I did not really check the 1hr when I carried out the analysis. I just stayed on the 4hr tf as it was the tf I analyzed on my previous post for XRPUSD. I have had a look at the 1hr tf of XRPUSD and do not see a H&S at all.

Cheers
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I like your chart,I couldn't agree with you more.
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We can do more discussion,
and you can refer to my publish.
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