wallstreetwise

LTC completing Corrective Wave C

Long
BITSTAMP:LTCUSD   Litecoin

Let me start by saying this: I do not believe we have reached the bottom. We recently crossed Fib level 23.6. Yes, prices are going up a bit from the low of $46 (currently $51); however, this is to be expected. There will be another drop. I am predicting price will go as low as $42.97. That will complete the inverse Head and Shoulders. From there, bullish price momentum will be refueled and ready to take flight. This correction isn't over yet, but fear not good people, we will soon be on our way.
-MV
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