Litecoin is looking higher after a correction [Video]

Gregor Horvat Wavetraders

Litecoin with ticker LTCUSD broke an important 95 level, which is now signalizing for the bottom and bullish reversal on a daily chart, so we are now tracking an impulse that can send the price higher. Looking at the 4-hour chart, it came nicely higher for wave "v" of black wave 3 as expected, but seems like it's now slowing down within a higher degree wave 4 correction that can be either a triangle or deeper correction with the support in the 90 - 80 area before the uptrend for wave 5 up to 110 - 120 area resumes.

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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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