Short term Analysis for LitecoinUSD based on the 4hour timeframe
Litecoin sold off from a high of $375.00 USD on Dec. 19, 2017. The current movement downwards which appears not yet complete can be described as a W-X-Y Elliott Wave Structure.
Possible targets for the completion of wave [] are marked on the chart as Target 1 (wave [] = ~138.2% wave ]) and
Target 2: (wave [] = ~161.8% wave ])
Path of possible price trajectory is shown by the red arrow before Litecoin can sustain any bull move.
LTCUSD
Possible targets for the completion of wave [] are marked on the chart as Target 1 (wave [] = ~138.2% wave ]) and
Target 2: (wave [] = ~161.8% wave ])
Path of possible price trajectory is shown by the red arrow before Litecoin can sustain any bull move.
LTCUSD
Comment:
I am still learning how to annotate charts in TradingView and my first post had a chart that showed nothing really. So this chart is an update for my first post. Thank you