Litecoin Trading In A Temporary Correction

Litecoin is less popular crypto currency but still with a lot of volatility that can represent investment opportunities. From a technical perspective we are still bullish for a fifth wave up, but not just yet as current correction since July appears incomplete. Corrections are three wave patterns, so expect another leg down; wave C drop to 33.00 support area before uptrend may resume. If we are correct then current leg up is wave B that can stop near 50.


Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.