Litecoin may turn upside for wave d from a triangle pattern if will keep 65.39 level.
Wave b rejected at 0.854 fib retracement of wave a and now probably will bounce from 0.854 retracement of wave b(71.09)
If will break above 79.77 It will will strengthen our count!
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Wave b rejected at 0.854 fib retracement of wave a and now probably will bounce from 0.854 retracement of wave b(71.09)
If will break above 79.77 It will will strengthen our count!
Hit the like button if you like my analysis and follow me for future updates!
Good luck!
Nota
ABC correction at this moment as we identified an triangle probably being a 4th wave.
Breaking below 83.38 may turn the price down.
If the price will hit 88.17 (1.618 fib extension we may declare this a 3rd wave from an impulse.
Nota
5 waves up ended that may be wave a from triangle wave d
Expecting to end and abc correction to the downside for wave b
Nota
Litecoin may find support at 0.5 fib retracement to go up to complete a c wave from wave d of a triangle
Nota
Litecoin may have ended abc correction for wave d from a triangle pattern as the pivot point form wave b of the triangle 103.42 will not be cleared.
Expecting to see a correction, maybe not to deep, for wave e from the triangle
Nota
e wave may have been completed the triangle pattern
Nota
triangle completed for wave 4 going for 5th wave
Nota
4th wave retraced enough retested the triangle upper band and it may go for the 5th wave of what may be the end of a bigger degree 5th
Nota
I adjusted the internal structure of 4th wave for a complex correction instead of a triangle and the 5th wave started from 70.09.
The impulse nature of the rally from 81.77 keeps my focus up, and I am watching to see if wave (3) of 5 is underway targeting 1.618 fib extension.
Nota
After completed 5 waves up, we are looking lower against 114.98, to complete an ABC correction, wave (2), with possible targets 0.5-0.618 fib retracement.
Nota
expecting to complete wave c from wave 2
Nota
A decisive break of 104.48 would favor Litecoin is heading upper in wave ((3))
Nota
Below 104.48 we are looking to the downside to complete a zigzag correction wave (2) with wave (a) a leading diagonal
Nota
Waiting to see an impulse to the upside if wave (2) ended as the price is into a corrective zone of fib extension wave (a) vs (c)
Nota
Watching for evidences wave (2) finished 57.64.
Clearing 68.41 may change the trend to the upside
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