Litecoin LTC/USD chart...flat correction?

BITFINEX:LTCUSD   Litecoin / Đô la Mỹ
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While this could just go straight into the raging bull market, a nice longer wave 2 wouldn't surprise me here. A flat correction is my guess because it leaves room for a new ATH -0.99% to trap the bulls in wave b, than we go down to trap the bears for wave c. Just a thought.

Also in line with my ltc/btc chart. If we start closing candles above the 1.38 extension than there's a good chance this idea was wrong, and we are going straight into the bull. Good luck!
Bình luận: Lots of sideways action here, but I think this should get going soon:
Bình luận: I guess this probably makes the most sense:
This correction and loss of value seems healthy to me. But why is LTC losing more value against BTC and ETH? What do you think of Charlie Lee selling his coins?
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I am looking to find entry in LTC, what is your advice?
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btc_joe RafiMohammed
@RafiMohammed, I don't do that type of thing sorry, not here to give financial advice. Just sharing my thoughts on the market. Please don't rely on me to manage your trades.

I'll just say in the big picture these prices are peanuts IMO

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aren't your initial abc correction on this chart already expanded flat? why do you think this is just the part of bigger correction to come? also do you see that ascending triangle on ltc/btc ratio?
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btc_joe HighwayPatrol
@HighwayPatrol, Yes, but that does not negate it from being A in a longer correction.

Yes, this was my last update to the attached ltc/btc chart named "the lite at the end of the tunnel"

Part of the reason I'm more inclined to think its part of a bigger correction is that based on the above, I'm expecting a correction on the ltc/btc ratio after this last leg up for wave 1. Again, who knows, both ltc/usd and ltc/btc very well could go straight into raging bull, we'll see.
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Appreciate the suggestions, brother! Not to be a spelling police, but probably should use 'then' and not 'than'. Merry Christmas!
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btc_joe crypt0creep
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expecting smth like that
1. btc 18k , ltc 520
2. btc 8k , ltc 160

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I am looking to find entry in LTC, what is your advice?
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asefe RafiMohammed
@RafiMohammed, buy the every fucking deep ;) no one can say exact entry point but %50 correction level not so bad for entry
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