massachusettstrading

Litecoin, the big ABC

Short
BITSTAMP:LTCUSD   Litecoin
Lot of fud in the crypto market. While this space is full of scams Litecoin is one of the few that is pure legit, a mean of exchange. Is not designed to replace Bitcoin rather than being a healthy competitive partner, however when things turn down, everybody tends to do the same thing, sell and enter short. So here is my view, a big ABC starting from December 15th, if you see my chart, we already complete 5 waves up, which is the first impulse, so now the market will print the B correction, and after that the final C impulsive wave up which in my opinion will take us to around 130-140.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.