Litecoin has made a very important attack and has stepped into a new strong trend. Litecoin has made a very important attack and has stepped into a new strong trend. Meanwhile, the price managed to cling to the upper band of the triangle and gathered strength. According to Elliott Wave Theory, It started third wave which strongest wave in all impulsive wave.
What could happen next?
The MACD indicator indicates that the buy signal starts a strong trend.
According to Elliott Wave Theory, 3rd wave length advance at least 1. wave length. Then We can see 0.035-0.040 BTC range. This is main target price.
We can notice a bigger picture of another important view. You can see the cup-handle formation on the chart.
According to this formation, it is expected that the price should at least progress to the cup length. Target price again shows 0.035 BTC levels.
As you can see there are important signals on the chart. So we can see new peaks on Litecoin price. Finally if you like my analysis please don't forget upvote and resteem.
