While this could just go straight into the raging bull market, a nice longer wave 2 wouldn't surprise me here. A flat correction is my guess because it leaves room for a new ATH -0.99% to trap the bulls in wave b, than we go down to trap the bears for wave c. Just a thought.
Also in line with my ltc/btc chart. If we start closing candles above the 1.38 extension than there's a good chance this idea was wrong, and we are going straight into the bull. Good luck!
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Lots of sideways action here, but I think this should get going soon:
This correction and loss of value seems healthy to me. But why is LTC losing more value against BTC and ETH? What do you think of Charlie Lee selling his coins?
RafiMohammed
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I am looking to find entry in LTC, what is your advice?
ltc-joe
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@RafiMohammed, I don't do that type of thing sorry, not here to give financial advice. Just sharing my thoughts on the market. Please don't rely on me to manage your trades.
I'll just say in the big picture these prices are peanuts IMO
UnknownUnicorn952556
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aren't your initial abc correction on this chart already expanded flat? why do you think this is just the part of bigger correction to come? also do you see that ascending triangle on ltc/btc ratio?