LitecoinShort
LiteCoin on its way to $143 / $134, expect a bounce to $159 soon
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As you can see, LiteCoin is heading down to finish the 5 wave elliot structure, but first, expect a bounce to the $158/159 region for wave 4 before making its final descent down its path of wave 5 to the $134 - $143 region.
Take profits 1 - $144
Take profits 2 - $135
Stop loss $161 if already in a short.
Otherwise, wait to enter a new short at the $158 - 160 region, then stop loss at $164
We've cleared around 10% profits so far in the past 2 days, let's see if we can get to 20% :-D
Litecoin will continue to track Bitcoin, see my other analysis of Bitcoin below.
Take profits 1 - $144
Take profits 2 - $135
Stop loss $161 if already in a short.
Otherwise, wait to enter a new short at the $158 - 160 region, then stop loss at $164
We've cleared around 10% profits so far in the past 2 days, let's see if we can get to 20% :-D
Litecoin will continue to track Bitcoin, see my other analysis of Bitcoin below.
Note
We nailed take profits 1, wave 4 was much less than expected. Nearly at take profits 1 now
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Note
Mean't to say nearly at take profits 2 now.
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