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jlantrip

LTC looking good to come off the double low at the .786

Long
Litecoin / Bitcoin (BITSTAMP:LTCBTC)  
jlantrip Updated   
BITSTAMP:LTCBTC   Litecoin / Bitcoin
Chart Patterns Wave Analysis Beyond Technical Analysis Litecoin (Cryptocurrency) Cryptocurrency
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chartpattern waveanalysis beyondta litecoin cryptocurrency
Finally life back in LTC is showing after a very nice double bottom at the .786 retrace against BTC. 3rd wave/5th wave targets at the median line
Comment:
First target reached, taking some profit to BTC with an expectation of breaking 10k, intersted in reloading LTC upon consolidating the 3 wave
Comment:
Also reach the .5 retrace(algo sell point) they will defend to the .65 which would provide stiff resistance
Comment:
If we can make it through the .65 at .0189 BTC the next target is the 2.168 at .0197 which is the .5 retrace of the larger swing(Next algo resistance)
Trade active:
Structure building out here, future looking good for both LTC and ETH against BTC these days

snapshot
Comment:
Very Deep retracement vs BTC at this point its a double bottom, and my most recent count is clearly invalid. Its possible we have a 1 wave off the low or we have some more complex correction going on with LTC vs BTC. We will have to wait and see how this pivot low holds
Comment:
Potential complex correction finishing the last leg if its not an impulse off the low
snapshot
Comment:
If this pivot holds we may be starting the 3rd of the 3rd here. nearly a double bottom vs BTC and hit the .618 retrace vs USD
snapshot
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