Critical Levels and Targets for Litecoin #LTC/USD

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Let's Discuss The Outlook for #LTC/USD

LTC has been moving up correctively and its difficult to see a more bullish count than just the potential gains that a corrective climbing asset can provide.

I've been noticing this among the majority of alts, and the way I interpret this is that altcoins move more in 3 waves than they do in impulses, similar to currency pairs such as EUR/USD. The other way to interpret this from an Elliott wave perspective is that we're dealing with a macro flat correction that will lead to an extensive downside leg that will surprise most investors and induce panic selling as critical levels are broke.

As such, in this chart I highlight the previous lows that I feel are important to maintaining an uptrend without drawing attention to the bears, If successful, this could give us a scenario of $160 for #litecoin.

What are your thoughts on LTC in the chart above? Does it have more upside potential? Or Do you think the critical lows will get broken?

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To Your Success,
Schyler

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LTC is still climbing correctively but is getting very close to our 160/166 target.