M0S

Did LTC complete the 5 wave structure? In for a ABC correction?

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
These times it's pretty difficult to chart all these tokens against USD with BTC going up and down around $1000 in a day.

If I look at LTC it seems that we completed the 5 wave structure up. It could be that the first wave up started at the first of April but I'm going to assume this was a small test before the real one starting on the 11th.

After completing the Elliot waves up it is time for a abc correction which seems to have already started. We dont know yet if wave A is already finished so therefor we need to be extra careful with this assumption.

Anyway if the LTCUSD chart follows the Elliot waves we can assume it will bottom out around the 132 level but then again when BTC gets impulsive we will probably never reach that level and LTC will follow BTC chart.

I will put some bids there just to be sure. Might catch a crazy wick or just the C wave down.

Comments

I like your chart,I couldn't agree with you more.
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We can do more discussion,
and you can refer to my publish.
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M0S Ronnie_Dong
@Ronnie_Dong, Thanks dude. Keep up the good work
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