Litecoin has just started an ABC correction and could go down to 136 if the wave count in this chart holds. Of course, it is not a trading suggestion.
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Update
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LTC has achieved the 136 level predicted on May 6 in the chart above. It is now trying to hold this 62% retracement level. If this level breaks, then LTC could go down to 78% retracement level of 124 as shown in this chart. A lot depends on Bitcoin movements in the next couple of days.
