Hi guys,
I bring you some light in that bearish day. I made a day-chart analysis for the long-term on LTCUSD and now I share with you an update to understand what's happening.
Bears are here and that's completely normal, if we trust in the completion of the ABCDE Elliot wave forming since December.
However, there is also another possibility, as we had an impulsive during the uptrend of December, it could simply be an ABC correction wave.
If LTCUSD breaks the $142 support of the symmetrical triangle and reaches $135 easily, ABC correction wave could be more credible.
Otherwise, if we don't break that triangle support, but the $155-$160 wedge upper support within next days, $180 could be reached for the early of April.
Be patient and trade carefully !
Agree, comment and follow,
Have a great week ahead ;)
I bring you some light in that bearish day. I made a day-chart analysis for the long-term on LTCUSD and now I share with you an update to understand what's happening.
Bears are here and that's completely normal, if we trust in the completion of the ABCDE Elliot wave forming since December.
However, there is also another possibility, as we had an impulsive during the uptrend of December, it could simply be an ABC correction wave.
If LTCUSD breaks the $142 support of the symmetrical triangle and reaches $135 easily, ABC correction wave could be more credible.
Otherwise, if we don't break that triangle support, but the $155-$160 wedge upper support within next days, $180 could be reached for the early of April.
Be patient and trade carefully !
Agree, comment and follow,
Have a great week ahead ;)
Comment:
New update for that analysis, the same perspectives and more precision ! Take a look, bye ;)
