Litecoin is being dragged under by BTC. Litepay is coming out 2/26 but BTC is still correcting and will pull on LTC. I do think this is going to be a higher low correction. A correction that is healthy and building energy. We entered this wedge from above and should exit the wedge to the downside. Chart has all other details.
Comment:
I noticed my error in drawing wave 3 not being longer then wave 1. I also should have drawn the top of the wedge straight across at $216. After I fixed my mistakes I see the potential for a double top. And then an A B C correction back to target area because BTC is top dog and will still weigh on LTC as it has in the past. So I think this is a Bull trap unless we see a ton of volume come in to push LTC over $242.