28/08/2022
Litecoin against the US dollar is now trading in a corrective framework – a simple zigzag ABC. the wave (A) and the wave (B) ended and the wave (C) is currently forming. It is supposed to target 33.78 and 30.13. the critical limit to stay on the bearish scenario is 65.78.
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Bottom Line: Higher in wave iii of ((iii)) of 3
We expect a strong move higher in wave iii of ((iii)) of 3, critical support at 46.43, key level at 52.03
03/09/2022
It is now trading in a bearish corrective wave ((A)) that consists of a double zigzag WXY pattern that ended the two waves (W) and (X). and currently is heading to end the wave (Y) and the critical limit that supports the decline is 295.35.
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As we mentioned in the monthly range, LTC is correcting in wave IV, The first side of wave IV has ended, We expect the price to rally in 3 waves in wave ((B)).
Same to bitcoin and ethereum, we expect LTC to correct in wave IV, We expect the price to reach near wave (4) of ((3)).
