A few days ago I published an idea talking about the LTC retracement taking place, the days are passing and the price is going further in my direction. The retest of the channel is inevitable if the price wants to continue inside of it, so I consider this correction a very healthy movement. But could really LTC go towards $80? Absolutely, in my opinion April could be mad, a mini bull rally like the ones of those days back in 2017. The thing is that it wont last much and if finally it happens will be a huge bull trap for many.
The upward channel is intact, the sentiment on LTC is quite strong at the moment, in my EW count, there is one more wave 5 left and I think that Bitcoin
will sideways for a while now, the perfect ingredients for a super pump but let´s see, unless someone lend me a crystal ball I´ll have to keep monitoring the markets, and so far this scenario needs to be probed first with a good support around $52-$55.
As always I´ll keep updating you, thanks for watching.