Litecoin is right on target. So what am I now? Three for three today? Don't mean to toot my own horn, but i hope you guys are taking full advantage over here!
Litecoin came right down on target for Wave A and is in a contracting Symmetrical Triangle Corrective Pattern. It is finishing up the correction as we speak and then down we go!!
So if you've seen, I moved my target for Wave C to the 0.5 Fibonacci Retracement level because of how much we've already retraced, I have to say that to be proportional wave C should go down a bit further than the 0.382. I mean, we almost hit it with Wave A. Not that it couldn't happen! That would be very bullish, it's just not my expectation.
Target for bottom of Wave C/4 is $135
I hope that you enjoyed my analysis. Please always remember that targets are not set in stone and to always practice proper risk management! Please like and comment any questions you may have below. Happy trading!!
Litecoin came right down on target for Wave A and is in a contracting Symmetrical Triangle Corrective Pattern. It is finishing up the correction as we speak and then down we go!!
So if you've seen, I moved my target for Wave C to the 0.5 Fibonacci Retracement level because of how much we've already retraced, I have to say that to be proportional wave C should go down a bit further than the 0.382. I mean, we almost hit it with Wave A. Not that it couldn't happen! That would be very bullish, it's just not my expectation.
Target for bottom of Wave C/4 is $135
I hope that you enjoyed my analysis. Please always remember that targets are not set in stone and to always practice proper risk management! Please like and comment any questions you may have below. Happy trading!!
