LiteCoin on its way to $143 / $134, expect a bounce to $159 soon

18 Mar 2018

As you can see, LiteCoin is heading down to finish the 5 wave elliot structure, but first, expect a bounce to the $158/159 region for wave 4 before making its final descent down its path of wave 5 to the $134 - $143 region.

Take profits 1 - $144
Take profits 2 - $135

Stop loss $161 if already in a short.
Otherwise, wait to enter a new short at the $158 - 160 region, then stop loss at $164

We've cleared around 10% profits so far in the past 2 days, let's see if we can get to 20% :-D

Litecoin will continue to track Bitcoin, see my other analysis of Bitcoin below.

18 Mar 2018

Not

We nailed take profits 1, wave 4 was much less than expected.

Nearly at take profits 1 now

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18 Mar 2018

Not

Mean't to say nearly at take profits 2 now.