🚀Litecoin: the third wave of the ending diagonal.

12 Jan 2023

●● Preferred count
● Litecoin / U.S.Dollar (BITFINEX), 🕐TF: 2D

Fig.1

The long-term waves counting has not undergone any changes. It is assumed that the cycle wave V unfolds the ending diagonal, subdividing into sub-waves ①-②-③-④-⑤. At the moment, the market is at an early stage of development of sub-wave ③. Wave ③ should exceed the length of wave ②, taking the form of a zigzag.
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● Litecoin / TetherUS (BINANCE), 🕐TF: 6h

Fig.2

For the last six months, the waves have been unfolding according to our expectations on the six-hour timeframe as well. The completion of waves ② and 2, as well as the beginning of the development of wave 3, were predicted.

At the moment the market is ready for acceleration in the wave (iii) of ((iii)) of 3. As a local alternative, it is allowed to complicate the structure of wave 2 to a combination.
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●● Alternative count
● Litecoin / U.S.Dollar (BITFINEX), 🕐TF: 2D

Fig.3

As you know, correctional structures are more variable, in contrast to impulse waves. The downward zigzag A-B-C can be identified as a sub-wave (W) within the unfolding double zigzag (W)-(X)-(Y) of ②.

Get ready for the second wave of the diagonal to transform into a multiple zigzag.

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