LEVEL TO WATCH - EMA50 $101
Today it seems we are having a stronger correction after 
BTCUSDT broke to new ATH above 106K USD.
This can mean a lot of things
Current Situation:
Litecoin is in Wave 4 (a corrective phase).
Price is holding between $115 (0.382 retracement) and $109 (0.5 retracement).
EMA50 at $101:
The recently added "LEVEL TO WATCH" is significant.
If the price falls below $109 and tests $101 (EMA50), this would represent a deeper pullback and a crucial area for a potential bounce (support confirmation).
Next Move (Wave 5 projection):
If support holds at $115, $109, or EMA50 ($101), Wave 5 could follow.
The upward projection targets approximately $145-$150.
BTCUSDT broke to new ATH above 106K USD.This can mean a lot of things
Current Situation:
Litecoin is in Wave 4 (a corrective phase).
Price is holding between $115 (0.382 retracement) and $109 (0.5 retracement).
EMA50 at $101:
The recently added "LEVEL TO WATCH" is significant.
If the price falls below $109 and tests $101 (EMA50), this would represent a deeper pullback and a crucial area for a potential bounce (support confirmation).
Next Move (Wave 5 projection):
If support holds at $115, $109, or EMA50 ($101), Wave 5 could follow.
The upward projection targets approximately $145-$150.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.