Litecoin is right on target. So what am I now? Three for three today? Don't mean to toot my own horn, but i hope you guys are taking full advantage over here!
Litecoin came right down on target for Wave A and is in a contracting Symmetrical Triangle Corrective Pattern. It is finishing up the correction as we speak and then down we go!!
So if you've seen, I moved my target for Wave C to the 0.5 Fibonacci Retracement level because of how much we've already retraced, I have to say that to be proportional wave C should go down a bit further than the 0.382. I mean, we almost hit it with Wave A. Not that it couldn't happen! That would be very bullish , it's just not my expectation.
Target for bottom of Wave C/4 is $135
If you would like to see how this plays out here is the link to my idea on TradingView
https://www.tradingview.com/chart/LTCUSD/TC0FpAZy-Geronimo-Litecoin-Edition/
I hope that you enjoyed my analysis. Please always remember that targets are not set in stone and to always practice proper risk management!
Feel free comment any questions or chart requests you may have below. Happy trading!
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Bitcoin - 1AzW1ki9ZXpDVBzreY9R5a1eNircQvXgvs
Litecoin - LP2D4ZLLpeYQRyuekxJLG6FLhr6WVepgea
Ethereum - 0x0d387F9f15Ff53813d51798DF41EA245aA6761A6
Bictoin Cash - LOL Btrash...
