If SW of LTC is active, we might have a push up towards RMB 100, but at this price we will have a GREAT resistance, and we need to be very careful about the retracement coming next, if it's going too deep and fail to pass RMB 100 again, this mega wave will be OVER. Good luck!
Well, with a nice rebound of BTC, now we can start to wait for a good chance for short. And always be careful to open the first position!
The rebound of Dollar is nearly 3 years since 2014, but right now the it seems a little bit weak, if the uptrend support break in next few months, the DXY will probably go to 90.
Maybe a little bit hard for BTC go below 5000, I don't know.
The future of BTC depends on the height of rebound when the short 5th wave is finished. If it stops at 7600, we will have Head&Shoulder structure, then we can say, see you below 5000. If it's more stronger, touch 8000 at the up track, that would be another story. Good luck.
If it's going like that, at the end of this chart we will have a great chance for long.
Maybe we will wait for some days to let the path getting clear, I have exit all my short positions, and waiting for another good chance. Enjoy the weekend.
I don't know when it will rise up, but technically it could have a great possibility, maybe it's a little bit difficult for LTC runs independently from BTC, but we will see.