LTCUSD
appears to be breaking out of the downtrend after squeezing through resistance. This coincides with the completion of a ABC correction in a this Elliot Wave cycle. What's left now it for LTC to maintain the current uptrend cannel which would signal the beginning of another, larger Elliot Impulse Wave. If this is simple the correction of the first and second waves in the cycle, this could mean theres a lot more room on the upside for LTC. Though I understand the conflict many in the crypto space have with the fact that Charlie Lee sold his LTC I do believe his motives are correct and will lead to a safe, less comprisable situation for LTC users and traders in the future (especially in the case of another bull run). I'll be sharing more thoughts on Major/Primary Altcoins in the coming days so stay tuned and check out my telegram channel for more:
t.me/cryptoswitch
