Posted on

Litecoin Elliott wave analysis: 4 hr tf

Price action of Litecoin (LTCUSD) from ~$113.08 on April 10, 2018 to ~$165.47 on April 24, 2018 is interpreted in this analysis as an ongoing impulse wave (5 wave) move in which a Minute wave ((iii)) just terminated or perhaps a Minute wave ((c)).

 

Litecoin Elliott wave analysisEither scenario however does call for a correction in Litecoin which is currently ongoing, after which LTCUSD is expected to resume its bullish trend.

Further price action and appropriate use of guidelines will help clarify the progression of Litecoin from the mention bottom at ~ $113.08.

One thought on “Litecoin Elliott wave analysis: 4 hr tf

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.