In my previous LTC/USD Chart I predicted a fall towards the $65 range starting at the day of the halving. Well exactly that happend. Counting Elliot Waves we can see that we just completed the 5th wave and are shaping an ending wedge which I am Looking to buy between 65 and 62 ranges. First Profit Target will be $75 and Stop-Loss below the current trading range....
Today we want to have a look at the current CME Gaps (GAP BOYZ!!). Looking back in the past we can see that every single gap has sooner or later been filled, so we can use them as some sort of guidance through this jungle.
We see currently 3 gaps...with the most recent one being between 11400 and 11900. The next ones are way below towards 10500 and even lower...
With BTC Dominance leaving the 10 Day Channel we will likely see more downside towards 68.5% regions and therefore we'll get some room for Altcoin/BTC Pairs to turn to the upside - at least shortterm (next 5 days).
Komm zu t.me für Top Krypto Analysen.
With the upcoming halving day we will probably see massive volatility across the board with Litecoin being the leading currency of the move. Will the halving take LTC to the next level or will we see further downside like in 2015?
I am personally short from here on out with a stop above the high of the triangle. Good Luck everybody.