LTC - LITECOIN - Conviction Buy (Hourly)

LTCUSD is a Conviction Buy.

Analysis Method: Fibonacci & Wave Theory w/ dash of fundamentals

About Litecoin: coinmarketcap.com/currencies/litecoin/

Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee. It was created based on the Bitcoin protocol but differs in terms of the hashing algorithm used. Litecoin uses the memory intensive Scrypt proof of work mining algorithm. Scrypt allows consumer-grade hardware such as GPU to mine those coins.

Hourly Chart: Primary Wave 1 & 2

15 Min Chart: Target Area

Will update.

THW

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