LTCUSD can be unfolding a complex corrective pattern, down from December of 2017 high. A double zig-zag pattern can be unraveling, where price is now unfolding sub-wave (c) of y, and which can reach possible support and a reversal zone around the 22.46/5.0 levels. In case wave y unfolds as an Elliott wave ending diagonal, then we should be aware of a contracting pattern in a wedge shape, which is structured by five legs. In either case support and reversal zone can be the same.
This big corrective stucture would be completed once we see an impulsive recovery; a sharp move in five legs and a break above the 302.1 level.
Trade well!
This big corrective stucture would be completed once we see an impulsive recovery; a sharp move in five legs and a break above the 302.1 level.
Trade well!