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Short term Analysis for Litecoin (LTCUSD)

Litecoin is a global peer-to-peer internet currency developed with Block chain technology. It is an open source network, fully decentralized and allows instant near zero payments to anyone in the world. 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.

Path of possible price trajectory is shown by the black arrow before Litecoin can sustain any bull move.

LTCUSD-Feb. 8 2017

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