Update - A few things that could be happening at this point:
- LTC holding much stronger than BTC, likely due to the anticipation of LitePay on 2/26.
- RSI still cannot break 53 as you can see on the resistance lines.
- Scenario 1: B wave is actually not done in which case it could go break 218 once the announcement comes and then sell on the news (i.e. Wave C commences to align with BTC drop)?
- Scenario 2: ABC was complete and this is actually Wave 2 correction on the 5 wave impulse. But we would have to see significant volume for Wave 3 to confirm.
Would love to hear everyone's thoughts on this or other potential scenarios!
- LTC holding much stronger than BTC, likely due to the anticipation of LitePay on 2/26.
- RSI still cannot break 53 as you can see on the resistance lines.
- Scenario 1: B wave is actually not done in which case it could go break 218 once the announcement comes and then sell on the news (i.e. Wave C commences to align with BTC drop)?
- Scenario 2: ABC was complete and this is actually Wave 2 correction on the 5 wave impulse. But we would have to see significant volume for Wave 3 to confirm.
Would love to hear everyone's thoughts on this or other potential scenarios!