LITECOIN: one more push up before correction

LITECOIN is following the expectations regarding  “Money Flow” also according to the Elliot Waves Theory. 

LTC/USD Trading pair is of course very related with how BITCOIN  does, as any other altcoin but, in the case of LITECOIN, it looks to me that this market is much less manipulated, with less artificial movements driving the price action…

The following is the Chart on which I sketched the waves, FIBO levels and 50/200 Day-Moving Averages:

As you can see, LITECOIN is very close to get
the crossing of both, 50 and 200 Day Moving Averages, which, in my
opinion, will confirm the REVERSAL

About the author: TIMM Trader

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