Quick-term Elliott wave view in Litecoin suggests the rally from October 27, 2021 low is in progress as a 5 waves impulse Elliott Wave construction. Up from October 27 low, wave (i) ended at 187.82 and pullback in wave (ii) ended at 178. The crypto forex has prolonged increased in wave (iii) in the direction of 198.62. Dips in wave (iv) ended at 188 and closing leg increased wave (v) ended at 209.69. This accomplished wave ((i)) in increased diploma.
Pullback in wave ((ii)) ended at 191.39 with inside subdivision as a double three Elliott Wave construction. Down from wave ((i)), wave (w) ended at 196.45, wave (x) ended at 203.93, and wave (y) of ((ii)) ended at 191.39. The crypto forex then extends increased once more in wave ((iii)) with inside subdivision as one other 5 waves in lesser diploma. Up from wave ((ii)) low, wave (i) ended at 200.51 and dips in wave (ii) ended at 198.84. Wave (iii) ended at 256.20, wave (iv) ended at 246.51, and wave (v) of ((iii)) ended at 274.54. Close to time period, wave ((iv)) pullback is in progress to appropriate cycle from November 6 low earlier than the rally resumes. So far as pivot a 191.39 low stays intact, anticipate dips to search out assist in 3, 7, or 11 swing for extra upside.
Litecoin 90 Minutes Elliott Wave Chart
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