LitecoinLong
LTC Price Action
This is not financial advice.
TD and Bollinger band indicators both starting to call local top, price movement so far has set this up to be a solid Elliot wave trend where we have seen majority of the price growth on wave #3 which confirms the pattern. Given the bullish activity in the market I doubt we will see a steep correction and I believe that at most we will see a 38% retracement in wave #4 (38% = bullish continuation) a PT of ~$500 seem reasonable then.
TD and Bollinger band indicators both starting to call local top, price movement so far has set this up to be a solid Elliot wave trend where we have seen majority of the price growth on wave #3 which confirms the pattern. Given the bullish activity in the market I doubt we will see a steep correction and I believe that at most we will see a 38% retracement in wave #4 (38% = bullish continuation) a PT of ~$500 seem reasonable then.
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