I believe Litecoin is going to exit a big 8 years corrective running triangle and ultimately reach the target of approximatly 2000$
In order to do so, I expect it to perform an extended 5th, something more likely for commodities.
Once this big impulse will be completed, my thesis is that the the first wave of higher degree will be finally over and a corrective phase will start.
I expect the previous ATH to act as a support, but a move to 0,618 fib retracement is likely in peak bear market capitulation.
In order to do so, I expect it to perform an extended 5th, something more likely for commodities.
Once this big impulse will be completed, my thesis is that the the first wave of higher degree will be finally over and a corrective phase will start.
I expect the previous ATH to act as a support, but a move to 0,618 fib retracement is likely in peak bear market capitulation.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.