LTC - 12 January 2020 - Is the Correction Over?
Digital silver is more predictable than bitcoin.
As we check the GBPUSD 2006-2007 chart we see a huge and clean WXYXZ correction.
Triple three is a sideways combination of three corrective patterns in Elliott Wave Theory.
From my perspective, LTC is not done with the Z wave of the correction, however it is possible that it has ended at 36 usd bottom at 18th of december. We might be directly going to 60 - which is I still think that is less likely... Bitcoin should move to 9500 and above for this to play.
Considering the fibonnaci levels, it is likely to see 28-32 usd bottom and than fly to 60 usd.
As we check the GBPUSD 2006-2007 chart we see a huge and clean WXYXZ correction.
Triple three is a sideways combination of three corrective patterns in Elliott Wave Theory.
From my perspective, LTC is not done with the Z wave of the correction, however it is possible that it has ended at 36 usd bottom at 18th of december. We might be directly going to 60 - which is I still think that is less likely... Bitcoin should move to 9500 and above for this to play.
Considering the fibonnaci levels, it is likely to see 28-32 usd bottom and than fly to 60 usd.