Litecoin, In Channel, Two Scenarios, One More Likely To Develop!

Hello Traders Investors And Community,

Welcome to this analysis about Litecoin, we are looking at the 4-hour timeframe perspective, the recent events, the established formational structure and what to expect the upcoming times. Litecoin the last times is moving in a more or less volatile indecisive zone where it showed up with new highs however pulled back again after these and as I discovered now it is forming an important formation which can show up with two possible scenarios of which one has a higher likelihood, therefore I detected all the important levels and likely scenarios we should consider with Litecoins established structure and the upcoming movements as well as destinies we should consider.

As when looking at my chart now we can watch there how Litecoin is trading within this major ascending-channel-formation in which it already developed the coherent wave-count to the upside finalizing waves A to C in the structure from where it pulled back and moved into the lower boundary to test the sustainability initially, this will be the crucial part in the whole structure because it is a major decision-zone as it is marked in my chart from where the next conclusions will result with either the bearish scenario to the downside likely to show up with 65% possibility or the bullish one with a stabilization above the supports likely to show up with a possibility of 35% nevertheless it is highly necessary to wait for the proper confirmations here. Taking all these factors into consideration Litecoin will show up with the final confirmations next time and as scenario 2 has a higher likelihood this should be expected, after the proper scenario has shown up the situation needs to be elevated anew and where Litecoins journey will move.

In this manner, thank you for watching the analysis and for everybody supporting it is great contentment, have a good day and trading!
"Trading effectively is about assessing possibilities, not certainties."

Information provided is only educational and should not be used to take action in the markets.