LTCUSD H&S Formed, Correction A underway. Target $60.

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
As we can see, Litecoin made 5 waves.

Currently, Litecoin/USD looks bearish mid-term because of the following reasons:

  • Elliot Waves completed.
  • Correction A (of ABC ) seems to be underway with target $60.
  • Litecoin halving momentum is dying.
  • A perfect Head and Shoulders has formed.
  • A perfect Head and Shoulders has also formed on BTCUSD pattern; if BTC starts it decline to expected target of $8.5, this would mean LTC price to drop to around $60, which is coincidentally in line with the given target.

i am crossing my fingers it bounces off.
Great Set up, keep up the good work.!
+1 Reply
68-70 ;)
zona de control
+2 Reply
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