Litecoin Continues Its Bullish Cycle As Expected, which can send the price even higher from technical point of view and by Elliott wave theory.
We talked about Litecoin back on May 30, when we spotted a bullish setup formation with waves (1) and (2) that can extend the rally within wave (3) of a five-wave bullish impulse.
As you can see today on July 18, Litecoin with ticker LTCUSD is now breaking strongly back above May highs after we noticed a complex W-X-Y correction in wave (2). Now that ALTcoin dominance is stepping strongly in, we may easily see more gains within a projected five-wave bullish cycle during the ALTseason, just be aware of short-term pullbacks.
We talked about Litecoin back on May 30, when we spotted a bullish setup formation with waves (1) and (2) that can extend the rally within wave (3) of a five-wave bullish impulse.
As you can see today on July 18, Litecoin with ticker LTCUSD is now breaking strongly back above May highs after we noticed a complex W-X-Y correction in wave (2). Now that ALTcoin dominance is stepping strongly in, we may easily see more gains within a projected five-wave bullish cycle during the ALTseason, just be aware of short-term pullbacks.
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US Single STOCKS (FREE Access), FX, Crypto
👉Explore Our Services @ wavetraders.com/elliott-wave-plans/
Learn Elliott Waves
👉 wavetraders.com/academy/
Newsletter Sign up
👉 bit.ly/3FVPVzO
👉Explore Our Services @ wavetraders.com/elliott-wave-plans/
Learn Elliott Waves
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Newsletter Sign up
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Related publications
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.