LTC looking good to come off the double low at the .786

Long

Litecoin / Bitcoin (BITSTAMP:LTCBTC)

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BITSTAMP:LTCBTC Litecoin / Bitcoin

chartpattern waveanalysis beyondta litecoin cryptocurrency

Finally life back in LTC is showing after a very nice double bottom at the .786 retrace against BTC. 3rd wave/5th wave targets at the median line

Commentaire:

First target reached, taking some profit to BTC with an expectation of breaking 10k, intersted in reloading LTC upon consolidating the 3 wave

Commentaire:

Also reach the .5 retrace(algo sell point) they will defend to the .65 which would provide stiff resistance

Commentaire:

If we can make it through the .65 at .0189 BTC the next target is the 2.168 at .0197 which is the .5 retrace of the larger swing(Next algo resistance)

Transaction en cours:

Structure building out here, future looking good for both LTC and ETH against BTC these days

Commentaire:

Very Deep retracement vs BTC at this point its a double bottom, and my most recent count is clearly invalid. Its possible we have a 1 wave off the low or we have some more complex correction going on with LTC vs BTC. We will have to wait and see how this pivot low holds

Commentaire:

Potential complex correction finishing the last leg if its not an impulse off the low

Commentaire:

If this pivot holds we may be starting the 3rd of the 3rd here. nearly a double bottom vs BTC and hit the .618 retrace vs USD

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