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.
@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
Ronnie_Dong
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I like your chart,I couldn't agree with you more.
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and you can refer to my publish.