A quick analysis on Litecoin (LTCUSD)
1) Looks like Wave 5 is doing strong and quick in the above diagram
2) Reached the first target of $360 at FIB 50%
3) Strong liquidity (take profit) event will come at $285 as it will cross 2018 $375 all-time high to make new ATH at FIB 61.8% ($285)
4) If the market still holds it might shoot to $405 (or) $430 to FIB 70% or FIB 78.6 % extension
Summary :
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1) Looks like the bulls/buyers are pumping the market to reach ATH ( all-time-high ) to $385-$400
2) Take partial profit around $385-$400 before the party is over
Happy trading, feedback is always appreciated
1) Looks like Wave 5 is doing strong and quick in the above diagram
2) Reached the first target of $360 at FIB 50%
3) Strong liquidity (take profit) event will come at $285 as it will cross 2018 $375 all-time high to make new ATH at FIB 61.8% ($285)
4) If the market still holds it might shoot to $405 (or) $430 to FIB 70% or FIB 78.6 % extension
Summary :
-------------
1) Looks like the bulls/buyers are pumping the market to reach ATH ( all-time-high ) to $385-$400
2) Take partial profit around $385-$400 before the party is over
Happy trading, feedback is always appreciated