Litecoin jumped up sharply from the $ 143 level yesterday. Unfortunately, this growth was weak.
Priority of the day: buying LTCUSD with a target of $168.
The Elliott Wave Oscillator shows a value below zero. The Litecoin correction proceeds.
Projected scenarios:
1. The rate of Litecoin surely will go up to our goal.
2. In view of the weak upward movement yesterday, today the scenario of LTCUSD price narrowing into the triangle is possible. But it will need a couple of days to unfold. The output of the Litecoin price from the triangle is expected on the weekend. We plan to buy LTCUSD from the zone of $ 143 - $ 140.
Alternative scenario:
Selling Litecoin today is not recommended. For sales of LTCUSD you need to wait for the initiative from the sellers.
The sales area of Litecoin is below $138.
Priority of the day: buying LTCUSD with a target of $168.
The Elliott Wave Oscillator shows a value below zero. The Litecoin correction proceeds.
Projected scenarios:
1. The rate of Litecoin surely will go up to our goal.
2. In view of the weak upward movement yesterday, today the scenario of LTCUSD price narrowing into the triangle is possible. But it will need a couple of days to unfold. The output of the Litecoin price from the triangle is expected on the weekend. We plan to buy LTCUSD from the zone of $ 143 - $ 140.
Alternative scenario:
Selling Litecoin today is not recommended. For sales of LTCUSD you need to wait for the initiative from the sellers.
The sales area of Litecoin is below $138.