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profzigzag
Jan 8, 2018 10:24 AM

Litecoin Outlook 

Litecoin / DollarBitfinex

Description

Greetings Traders!

Litecoin testing support at previous trend line and 4H 100 EMA, just below that is 4H 200 EMA + lower parallel, a breach of these support levels would indicate further move down. Should these support levels hold, further move higher is expected towards upper parallel. A potential wave pattern completion could be on the cards as well.
Comments
RyanCollier
Wave 4 never retraces into wave 1 territory....which it did
profzigzag
@RyanCollier, indeed, thanks.
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