Here we are for a new analysis for the short-term for LTCUSD.
As you can see on the 4-hour chart, we have just found a new possible bottom with a clear rejection of the 23.6% Fib level.
On the RSI, we have a one-week bullish divergence that indicates we have an opportunity to make benefits on the short-term.
In fact, we would retest the 38.2% Fib level within one or two days. If we break that significant support we would retest the 50% Fib level and form a clear double bottom. That double bottom would be quite similar with the last one we have seen for two months.
Otherwise, we would be bearish again and may enter the dark zone.
You can find below two analyses I did, they are still available. The Elliot idea for Bitcoin is available for Litecoin, the only differences that could have are the levels for the wave 2.
Thanks for reading, if you agree, let's agree. Comment if you want to share your point of view and follow me if you want to see more of my analyses.
Have a nice week-end !
As you can see on the 4-hour chart, we have just found a new possible bottom with a clear rejection of the 23.6% Fib level.
On the RSI, we have a one-week bullish divergence that indicates we have an opportunity to make benefits on the short-term.
In fact, we would retest the 38.2% Fib level within one or two days. If we break that significant support we would retest the 50% Fib level and form a clear double bottom. That double bottom would be quite similar with the last one we have seen for two months.
Otherwise, we would be bearish again and may enter the dark zone.
You can find below two analyses I did, they are still available. The Elliot idea for Bitcoin is available for Litecoin, the only differences that could have are the levels for the wave 2.
Thanks for reading, if you agree, let's agree. Comment if you want to share your point of view and follow me if you want to see more of my analyses.
Have a nice week-end !
