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sebastian.soik

Litecoin Elliot Impulse Wave

Long
Litecoin (BITFINEX:LTCUSD)  
sebastian.soik  
BITFINEX:LTCUSD   Litecoin
Chart Patterns Wave Analysis
2
3
chartpattern waveanalysis
After yesterday's hike we had a brutal correction today. But in my opinion we won't see a further decline.

Reasons:
- Elliot Wave Rule #1: Wave 2 corrects Wave 1
Rule #2: Wave 2 must not be lower than Wave 1 (that's the critical $56 line)
- RSI already shows divergence in lower timeframe
snapshot
- Trading Volume downward much lower than upward


Reversal inc going long towards 72 & 92
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