LTC/BTC looking lower, after temporary pullback - Elliott wave analysis
|Hello traders,
LTCBTC can be trading in a bearish impulsive move, down from april 07. We are observing a wave (iii) of a higher degree, which can be targeting 0.0044/0.0042 zone. That said, we still want to see price unfold its temporary, minor wave iv correction, which is now in progress, and can look for resistance/bearish turn at the 0.0048/0.0050 region, before bears again turn towards the lows.
LTCBTC, 1h
Trade well.
We realize that markets are very volatile and unstable these days. That is why we decided to give out a Special Discount to New and OLD members; Save 50% on Any FX or Digital Package. Visit EW-Forecast.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.