Home Litecoin Bitcoin Cash and Litecoin Elliott Wave Analysis Points Higher

Bitcoin Cash and Litecoin Elliott Wave Analysis Points Higher

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ALTcoins like Litecoin (LTC) and Bitcoin Money (BCH) are on the rise and there seems to be extra room for features.

That mentioned, I need to notice that Whole ALTcoin market cap could also be ending a fifth Elliott wave. So, upside might be restricted and merchants ought to pay attention to a reversal down quickly.

Litecoin is at present breaking above its September value highs, and is making an even bigger (A)-(B)-(C) corrective rally on a day by day chart with room even as much as 300 space. On the 4-hour chart, I see it buying and selling impulsively increased, ideally as a part of a five-wave bullish cycle inside wave (C). Whereas this bodes properly for additional upside, a transfer under 209 would invalidate this rely.

Litecoin 4-hour Elliott Wave Chart & Evaluation

litecoin crypto elliott wave price forecast higher analysis

Bitcoin Money is buying and selling sideways on a day by day chart, ideally as a part of a bearish triangle in wave (B) and we might even see much more sideways value motion to finish a five-wave A-B-C-D-E construction.

On the 4-hour chart, we’re monitoring wave “c” of C with room up as excessive because the 700 value resistance space. Nevertheless, after all, in accordance with day by day rely #2, I nonetheless see an alternate choice for an even bigger and extra complicated Elliott wave (B) correction that might retest the 800+ value resistance space… however let’s go step-by-step.

Bitcoin Money 4-hour Elliott Wave Chart & Evaluation 

bitcoin cash crypto elliott wave price forecast higher analysis

Twitter:  @GregaHorvatFX

The writer could have a place within the talked about securities on the time of publication. Any opinions expressed herein are solely these of the writer, and don’t in any method characterize the views or opinions of some other individual or entity.g




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