At the beginning of this chart, we can see that the resistance levels for LTC became support once broken, and followed was a bull Elliot waverun from $74 > $103USD.
The trend angle for this Elliot run was of 41 degrees. It is worth noting that the latest uptrend for LTC has followed a very similar angle, this time at a 45 degree angle.
The original (green) trendline has followed these indicators since the $70 zone for the LTCUSD pair.
The second Elliot wave I have drawn, following the same pattern as the first conveniently finishes on the 61.8% Fibonacci retracement line. If the pair were to instead follow the Three Drives pattern then we could instead reach the ATH & expected $105 target.
The trend angle for this Elliot run was of 41 degrees. It is worth noting that the latest uptrend for LTC has followed a very similar angle, this time at a 45 degree angle.
The original (green) trendline has followed these indicators since the $70 zone for the LTCUSD pair.
The second Elliot wave I have drawn, following the same pattern as the first conveniently finishes on the 61.8% Fibonacci retracement line. If the pair were to instead follow the Three Drives pattern then we could instead reach the ATH & expected $105 target.
