Litecoin, Develops Decisive Formation, Continuation Indications!

Hello Traders Investors And Community,

Welcome to this analysis about Litecoin, we are looking at the hourly timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. Litecoin recent times have shown up with heavy bearish volatility to the downside to the point now where it found some marginal supports within the structure in which it firstly bounced to the upside, in this case, I discovered a decisive formation Litecoin is forming that will be important for determining the upcoming destinations ahead next times, therefore it is necessary to do not underestimate the bearish perspective here and for this purpose I detected all the important levels and likely perspectives ahead upcoming times.

Structural Developments:
As when looking at my chart now we can watch there how Litecoin has now established this initial wave A of the wave-count to the downside to the point now in which it is forming this ascending-channel-formation marked in my chart in blue, furthermore Litecoin has the coherent wave-count within the formation already completing waves A to D almost already in the schedule and now Litecoin is about to form the completion of wave E with the bounce to the downside from the 200-EMA in grey this is likely to be the finalization of the wave-count with the further conclusions upcoming next times, therefore when Litecoin finally breaks out below the lower boundary of the channel, such price-action will confirm it as a bear-flag with continuations.

Upcoming Determinations:
Taking all these factors into consideration Litecoin is in a situation in which it has shown up with serious downside price-action and now developing this formation that has higher potential to form the continuation to the downside upcoming next times. Currently, there is not that much of a high possibility that Litecoin manages to invalidate the formation and this is why the bearish perspective is still omnipresent and should not be underestimated. When XRPUSD completes the formation which is likely and shows up with the continuations it has to be elevated how Litecoin approaches the target-projections and if there comes a sufficient reversal or continuations ahead.

Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"Trading effectively is about assessing possibilities, not certainties."

Information provided is only educational and should not be used to take action in the market.