ew-forecast

Litecoin Consolidating Within Strong Uptrend

Long
ew-forecast Updated   
BITFINEX:LTCUSD   Litecoin
LTCUSD jumped out of triangle more than 300% since last update and we warned about much higher levels, as you can see in related ideas. LTC is in a strong uptrend so we assume it's third wave and we may see even higher levels towards 380 level, out of current subwave 4 of III, so sooner or later LTC will continue it's bulltrend.
Comment:
Litecoin made some deeper wave 4 correction down to ideal 38,2% Fibo. retracement, so we expect a bounce soon back to a new highs into wave 5 od III.

Elliott Wave Service
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