LiteCoin Is Coming Higher – UPDATE
Dec 5, 2022


LiteCoin is coming higher within a projected five-wave cycle of the lower degree from Elliott wave perspective.

A week back we shared free analysis and highlighted bullish intraday sequence on LTCUSD and noted that coin can resume higher within impulsive sequence. We also shared views in members area and even make a free update here (LINK).  

LiteCoin Is Coming Higher - UPDATE 1H Chart
LTCUSD 1H Old Chart

Some may wonder why we picked LTCUSD? Well, we paid a special attention to this one, because it was one of the strongest back in November, when coin was able to stay above November low when BTC fell, and then even saw a strong push higher. From a % perspective we can see it a leading a lot from November low.

LiteCoin Is Coming Higher - UPDATE Overlay Chart
Overlay Chart

Now, the question is where we go from here. Well, from Elliott wave perspective LTC remains nicely bullish as expected within wave (v) of »iii« towards 90 area or higher, just be aware of a new pullback in wave »iv«. We remain bullish as long as it’s trading in the EW channel and above 64 invalidation level.

LiteCoin Is Coming Higher - UPDATE Hourly Chart

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Interested in FX? USDJPY might have topped, so check our latest article HERE


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