LTCUSD H&S Formed, Correction A underway. Target $60.
As we can see, Litecoin made 5 waves.
Currently, Litecoin/USD looks bearish mid-term because of the following reasons:
Currently, Litecoin/USD looks bearish mid-term because of the following reasons:
- Elliot Waves completed.
- Correction A (of ABC) seems to be underway with target $60.
- Litecoin halving momentum is dying.
- A perfect Head and Shoulders has formed.
- A perfect Head and Shoulders has also formed on BTCUSD pattern; if BTC starts it decline to expected target of $8.5, this would mean LTC price to drop to around $60, which is coincidentally in line with the given target.
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