Short Term Elliott Wave view in Litecoin (LTCUSD) suggests the decline from November 10, 2021 peak is unfolding as a zigzag Elliott Wave structure. Down from November 10 peak, wave (A) ended at 120.49 and wave (B) rally ended at 154.49. Wave (C) lower is in progress with subdivision as a 5 waves impulse Elliott Wave structure. Down from wave (B), wave ((i)) ended at 133.27 and rally in wave ((ii)) ended at 142.81. The crypto currency extended lower in wave ((iii)) towards 110.01 and rally in wave ((iv)) ended at 116.76. Final leg lower wave ((v)) ended at 96.85 which also completed wave 1.

Wave 2 rally ended at 116.49 at the blue box selling area. This blue box area is based on wave ((c)) = 100% – 161.8% Fibonacci extension of wave ((a)). The internal subdivision of wave 2 unfolded as a zigzag where wave ((a)) ended at 112.74, wave ((b)) ended at 97.61, and wave ((c)) ended at 116.49. This completed wave 2 in higher degree. The crypto currency has turned lower in wave 3 but it still needs to break below wave 1 at 96.85 to rule out a double correction. Down from wave 2, wave (i) ended at 103.41 and wave (ii) ended at 110. Near term, as far as rally fails below wave 2 high at 116.49, and more importantly below 154.49, expect further downside.

Litecoin 2 hours Elliott Wave chart

Litecoin (LTCUSD) 2 hours Elliott Wave video


FURTHER DISCLOSURES AND DISCLAIMER CONCERNING RISK, RESPONSIBILITY AND LIABILITY Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of xperience and risk appetite. Do not invest or trade capital you cannot afford to lose. EME PROCESSING AND CONSULTING, LLC, THEIR REPRESENTATIVES, AND ANYONE WORKING FOR OR WITHIN WWW.ELLIOTTWAVE- FORECAST.COM is not responsible for any loss from any form of distributed advice, signal, analysis, or content. Again, we fully DISCLOSE to the Subscriber base that the Service as a whole, the individual Parties, Representatives, or owners shall not be liable to any and all Subscribers for any losses or damages as a result of any action taken by the Subscriber from any trade idea or signal posted on the website(s) distributed through any form of social-media, email, the website, and/or any other electronic, written, verbal, or future form of communication . All analysis, trading signals, trading recommendations, all charts, communicated interpretations of the wave counts, and all content from any media form produced by www.Elliottwave-forecast.com and/or the Representatives are solely the opinions and best efforts of the respective author(s). In general Forex instruments are highly leveraged, and traders can lose some or all of their initial margin funds. All content provided by www.Elliottwave-forecast.com is expressed in good faith and is intended to help Subscribers succeed in the marketplace, but it is never guaranteed. There is no “holy grail” to trading or forecasting the market and we are wrong sometimes like everyone else. Please understand and accept the risk involved when making any trading and/or investment decision. UNDERSTAND that all the content we provide is protected through copyright of EME PROCESSING AND CONSULTING, LLC. It is illegal to disseminate in any form of communication any part or all of our proprietary information without specific authorization. UNDERSTAND that you also agree to not allow persons that are not PAID SUBSCRIBERS to view any of the content not released publicly. IF YOU ARE FOUND TO BE IN VIOLATION OF THESE RESTRICTIONS you or your firm (as the Subscriber) will be charged fully with no discount for one year subscription to our Premium Plus Plan at $1,799.88 for EACH person or firm who received any of our content illegally through the respected intermediary’s (Subscriber in violation of terms) channel(s) of communication.

Recommended content


Recommended Content

Editors’ Picks

SEC Crypto Task Force plans to establish digital asset regulatory sandbox

SEC Crypto Task Force plans to establish digital asset regulatory sandbox

The Securities & Exchange Commission's (SEC) Crypto Task Force met with El Salvador's National Commission on Digital Assets (CNAD) representatives to discuss cross-border regulation and a proposed cross-border sandbox project.

DeFi Dev Corp buys additional 65,305 SOL amid broader institutional interest: Solana price slides below $150

DeFi Dev Corp buys additional 65,305 SOL amid broader institutional interest: Solana price slides below $150

Solana (SOL) price faces growing overhead pressure and slides below $150 to trade at $148 at the time of writing on Thursday. The sudden pullback follows the crypto market's edging higher on improving investor sentiment, which saw SOL climb to $154 on Wednesday. 

Uniswap Price Forecast: UNI whale moves 9 million tokens to Coinbase Prime

Uniswap Price Forecast: UNI whale moves 9 million tokens to Coinbase Prime

Uniswap (UNI) price hovers around $5.92 at the time of writing on Thursday, having rallied 12.8% so far this week. According to Wu Blockchain, data shows that the address potentially related to the Uniswap team, investor, or advisor transferred 9 million UNI to the Coinbase Prime Deposit on Thursday.

Tron DAO announces $70B USDT supply: Here's how TRX price could react

Tron DAO announces $70B USDT supply: Here's how TRX price could react

TRON’s USDT circulation just surpassed $70 billion, signaling rising network utility as TRX price approaches a technically significant breakout. On Wednesday, TRON DAO confirmed that the circulating supply of Tether (USDT) on its blockchain has surpassed $70 billion.

Bitcoin Weekly Forecast: BTC holds steady, Fed warns of tariffs’ impact, as Gold hits new highs 

Bitcoin Weekly Forecast: BTC holds steady, Fed warns of tariffs’ impact, as Gold hits new highs 

Bitcoin price consolidates above $84,000 on Friday, a short-term support that has gained significance this week. The world's largest cryptocurrency by market capitalization continued to weather storms caused by US President Donald Trump's incessant trade war with China after pausing reciprocal tariffs for 90 days on April 9 for other countries. 

Read full analysis
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

BTC

ETH

XRP