My previous post on Litecoin which called for prices to return to between $136 and $140 can be found here:
Analysis then was also anticipating prices to collapse and move below $100 for Litecoin. Upon reviewing the price action for Litecoin, it appears that minute wave ((v)) anticipated to terminate a minor wave C has indeed ended. Market action after April 1, 2018 also provide evidence with Litecoin now having just ended a minute wave ((iii)) position.
Minute wave ((iv)) is therefore anticipated next. A 38.2% and 50% retracement of minute wave ((iii)) by minute wave ((iv)) is used as the support area in this analysis (between ~$127.36 and ~$125.61) after which prices should resume its bullish movement.
The point of invalidation of this analysis(POI) is a price close below minute wave ((ii)) i.e. ~$116.55
Analysis then was also anticipating prices to collapse and move below $100 for Litecoin. Upon reviewing the price action for Litecoin, it appears that minute wave ((v)) anticipated to terminate a minor wave C has indeed ended. Market action after April 1, 2018 also provide evidence with Litecoin now having just ended a minute wave ((iii)) position.
Minute wave ((iv)) is therefore anticipated next. A 38.2% and 50% retracement of minute wave ((iii)) by minute wave ((iv)) is used as the support area in this analysis (between ~$127.36 and ~$125.61) after which prices should resume its bullish movement.
The point of invalidation of this analysis(POI) is a price close below minute wave ((ii)) i.e. ~$116.55