LTC Up trend in trouble?

BITFINEX:LTCUSD   Litecoin / Dollar
1) Don't like the 0.618 retracement from the $32 low. This is typical of a Wave B retracement.

2) Don't like the 3 wave formation A B C

3) Don't like that Wave C = Wave A. Typical of a three wave correction.

With these points in mind, the correction for Primary wave 2 that started at the $94 high may be incomplete. Wave 2 corrections can cut very deep - all the way back to the beginning of the formation. Applying the theory of Wave A & C being typically equal - this final phase of the correction could take us to a low of around $9 before Primary wave 3 kicks off.

Take a look at the Nasdaq Composite             Index wave 2 of year 2000 as a example.
Bình luận: If the trend is down - Where to short? Suspect $60 - $65 zone.
Bình luận: The trend in LTC is still suspected to be down. Looking for confirmation -

1) Firm break of $53
2) Limited prices rises to the upside
3) A sharp sell off

Bình luận: Sharp up turn in LTC Need to be careful, LTC can be tricky.
Bình luận: Still not convinced the trend has changed from down to up. Will only change my outlook on a firm break above $65.
Suspect a correction is in the works that could terminate just above $62 before a more forceful sell-off
Bình luận: Suspect the upside correction ended at the $59 high. Looking for a firm break of $53.50 for further downside action and a continuation of the trend down.
Bình luận: $65 level broken, looking for a break of $70 to review our outlook for a trend change and retest of the all time high.
Bình luận: LTC looking good in the initial BTC sell-off. Still suspicious of the uptrend unless we can see a break of $70
Bình luận: LTC Would like to see a sustainable break above $70 for a retest of the all time high.
VI Tiếng Việt
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Trang chủ Sàng lọc cổ phiếu Bộ lọc Forex Screener Tiền điện tử Lịch kinh tế Cách thức hoạt động Tính năng Biểu đồ Quy tắc Áp dụng Người điều hành Giải pháp cho Website & Nhà môi giới Widget Thư viện Biểu đồ Chứng khoán Yêu cầu tính năng Blog & Tin tức Câu hỏi thường gặp Hỗ trợ & Wiki Twitter
Hồ sơ Tùy chỉnh Hồ sơ Tài khoản và Thanh toán Ticket Hỗ trợ của tôi Liên hệ Hỗ trợ Các ý tưởng đã đăng Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất