Litecoin continues its bullish cycle as expected

Gregor Horvat Wavetraders

We talked about Litecoin back on May 30, when we spotted a bullish setup formation with waves (1) and (2) that can extend the rally within wave (3) of a five-wave bullish impulse. CLICK HERE

As you can see today on July 18, Litecoin with ticker LTCUSD is now breaking strongly back above May highs after we noticed a complex W-X-Y correction in wave (2). Now that ALTcoin dominance is stepping strongly in, we may easily see more gains within a projected five-wave bullish cycle during the ALTseason, just be aware of short-term pullbacks.

LTC/USD four-hour chart

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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