Much like ETH, we've had a breach of the most recent wave-1 high. By strict Elliott rules this count is in validated. For some traders that's a clear signal to be out. Here's what I see; no acceleration to the down side fueled by stop volume. Looking at the last series of pivots they've all been very technical. We've just stabbed right between a 61.8 retracement and the 1.618 alternative price projections from the a-b-c. And a look left shows good support around this 34 level. Stop can stay around 31.50 and you've got a 10-to-1 risk reward... Do I need to keep typing? Go get some...
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tonycasio
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always remember ltc/usd impacted by BTC and will mess up ltcs waves, 1 would have extended much more if btc didnt start dumping