EuroMotif

LTCUSD to bottom at about $65? Litecoin Fib Confluence nearby

EuroMotif Mod Updated   
COINBASE:LTCUSD   Litecoin
LTC continues to slide from its $146 peak (which I had predicted).
The "Halvening" was the previous driving force and is now relaxing.
There is a fib confluence at $64.82 - 64.88 that should bounce it.

The Green fib lines are of the Impulse up from bottom at $20.
The Purple fib lines are of the Impulse down from $146 peak.
Purple 9.618 should end the wave, with Green 2.236 support.


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Comment:
Target hit and bounced a bit lets see if it holds and begins a climb now, as it "should".

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Comment:
Since my last update, it went a hair below my line, but has bounced a little and stayed above the zone for about a Month now.
Comment:
Zooming into the 1h timeframe, there was a clear "Pulse" to the bounce thus far But on the retrace, it seems to be marching to a different tune. So will take a closer look at the last wave down ...

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Comment:
And of course, there is a fib that defines this drop From the looks of it, it will go down to the 4.236 around $70. So that is my current interest.

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