LTC - update on 4H timeframe - Elliott Wave count
4H RSI Bearish Divergence pattern is still intact.
Buy range: 25.63 - 26.34
Possible major support level around that buy range. I am waiting for LTC to confirm the ABC waves which could turn into Wave 2 in a big 12345 waves, then one impulse wave 3 to the upside at a target of 35
At major resistance of 35, there are tons of bears waiting to short that level.
My buying suggestion will be invalidated if price break below the buy range. In that scenario, LTC will be more likely to test the low of 2018 once more time.
Happy trading.
Buy range: 25.63 - 26.34
Possible major support level around that buy range. I am waiting for LTC to confirm the ABC waves which could turn into Wave 2 in a big 12345 waves, then one impulse wave 3 to the upside at a target of 35
At major resistance of 35, there are tons of bears waiting to short that level.
My buying suggestion will be invalidated if price break below the buy range. In that scenario, LTC will be more likely to test the low of 2018 once more time.
Happy trading.