In the previous idea, i talked about a possible reversal at 160 dollars (the end of the c wave).
LTC looks bullish due to the fact that we have ended a abc correction and a new cycle could start.
Right now we are in a ascending triangle, with a breakout we should break 200 dollar and reach around 216.
The only possible problem here is that every coin is still closely following btc.
There is still some doubt about the wave count of btc, making it possible that btc is making its b wave now.
If this is the case, 216 would be a tp.
If the abc correction for btc is over and a new cycle has started, ltc could see a stong wave 3 with 250 as target.
The bigger picture shows ltc in a big pennant, making this move possible.
LTC looks bullish due to the fact that we have ended a abc correction and a new cycle could start.
Right now we are in a ascending triangle, with a breakout we should break 200 dollar and reach around 216.
The only possible problem here is that every coin is still closely following btc.
There is still some doubt about the wave count of btc, making it possible that btc is making its b wave now.
If this is the case, 216 would be a tp.
If the abc correction for btc is over and a new cycle has started, ltc could see a stong wave 3 with 250 as target.
The bigger picture shows ltc in a big pennant, making this move possible.
Comment:
Comment:
Broken the triangle, going down
