Litecoin (LTC/USD) forecasting the decline using Elliott Wave

In this article, we will look at the decline in LTCUSD from $132 to $90 which took almost a week to unfold. We will look at some Elliott wave charts presented to members and show how our members were prepared for this decline in Litecoin. We called a zigzag Elliott wave correction completed in Litecoin (LTCUSD) at $143.93 and called for the decline to resume. Let’s take a look at the chart from February 16, 2022 to begin with.

LTC/USD 1 hour Elliott Wave analysis – 16 February, 2022

Chart below shows wave (( i )) and (( ii )) completed and we expected the decline to resume in wave (( iii )) as far as prices stayed below wave (( ii )) high and more importantly below $143.93 high.

LTC/USD 1 hour Elliott Wave analysis – 20 February, 2022

Chart below shows decline resumed as expected and wave (( iii )) is nearing completion after which we expected a bounce in wave (( iv )) and another leg down to complete 5 waves decline from $143.93 high.

LTC/USD 1 hour Elliott Wave analysis – 27 February, 2022

Chart below shows Impulsive decline from wave (B) $143.93 high completed at $91.94 and as dips stay above this level, expect prices to extend higher to complete wave 2 before a turn lower again.

Share: Cryptos feed

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.

Join Telegram