WicktatorFX

LITECOIN - Anyone Else Notice This? 🤯

WicktatorFX Premium Updated   
BINANCE:LTCUSD   Litecoin / U.S. Dollar
Litecoin looks to be still within its bullish phase on a higher timeframe.

We can see that we're in wave 4, which is a Flat Correction (made up of 3-3-5). We're currently in Wave C, subwave 4. There's a clear invalidation level present at around 102/103 level. Expecting price to move lower once more to complete subwave 5 of wave C.

Longer Term BUY Trade Idea:
- Watch for subwave 4 to breakdown below 40
- Once we're in subwave 5, count 5 waves and draw a trendline to ready yourself for the major wave 5

Ideally we reach the 20 mark before we set off for the major wave 5.

In the mean time, we can look for shorting opportunities as long as we stay below 103.
SHORT Term SELL Trade Idea:
- Watch for lower timeframe trendline break to indicate subwave 5 has started
- Enter with stops above subwave 4. Hard stops above 103
- Target: 40 , 30, 22

We've seen Gold make a very similar price action before. See chart below

Goodluck and as always, trade safe!
Comment:
LTC 2D

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