This is not a trade I'm likely to trade at all because I'm allocating everything to eth btc and bnb but this might be useful for a bit of scalping along the way.
LTC is quite bullish and its 4 wave point did not even need to come down all the way to the counter trend line from the wxyxz move.
This means it's more bullish than doge and xrp which I did similar charts of. I would not be looking to hold this much past the $80 prior rejection region which maps to some elliot fib zones for the current impulse.
LTC has often led the way in previous crypto moves so the fact that it's pumping now means BTC has a solid shot at $10k.
Overall I am treating this as another reason to sit tight on my long term positions and not overtrade my way out of what could be some incredible winners if btc goes to its old high.
LTC is quite bullish and its 4 wave point did not even need to come down all the way to the counter trend line from the wxyxz move.
This means it's more bullish than doge and xrp which I did similar charts of. I would not be looking to hold this much past the $80 prior rejection region which maps to some elliot fib zones for the current impulse.
LTC has often led the way in previous crypto moves so the fact that it's pumping now means BTC has a solid shot at $10k.
Overall I am treating this as another reason to sit tight on my long term positions and not overtrade my way out of what could be some incredible winners if btc goes to its old high.
