meszaros

LTCUSD rising wave structure...

Long
BITSTAMP:LTCUSD   Litecoin
LTCUSD rising wave structure. Currently, the exchange rate rises once again from a reversal of a double amplitude wave. As the ATR has doubled, the correction is also double. Looking at the wave structure, we can assume that the exchange rate starts again at USD 93.62. It started with a major correction wave, so we would not expect to go further. We see a greater chance of correcting it from level 93.62 to the level of 83 usd levels. After a smaller sidewall, the momentum is again boosted by a steeper ATR axis at this level and rising to a target price of 107.07 usd.

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