Litecoin: Bullish Breakout Confirms Bulls Dominance

Litecoin bounced from wave II/b as we projected in our earlier update, broke channel resistance and now we expect a wave III/c to the upside with first potential target arround 70 level and 61,8% Fibo. lvl. If goes above this level, then we expect 3rd wave, which means much higher.



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Kommentar:

Patience paid off! Litecoin went higher and hit our projected level @70!! Important level for next direction. If we see any impulsive rally, we will track 3rd wave up and straight to the new highs, but if we see strong decline from here, then be aware of a 3 wave pullback and complex correction.

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