LTCUSD (Litecoin) 4hr tf analysis
Price action of Litecoin from ~$109.89 on April 01,2018 till date is identified in this analysis as a regular flat Elliott wave structure. Possible termination point of the current progression in Litecoin i.e. target area for Minute wave ((c)) of the regular flat is based on a 123.6% and 138.2% projection of Minute wave ((a)).
The target area is therefore between ~$142.76 and ~$146.29.
Point of invalidation (POI) for the analysis is a price close below ~$111.46
The target area is therefore between ~$142.76 and ~$146.29.
Point of invalidation (POI) for the analysis is a price close below ~$111.46
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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.