Quick time period Elliott wave view in Litecoin reveals the crypto foreign money rallies in a 5 waves impulsive construction from February 22, 2021 low. Up from February 22 low, wave (1) ended at 230, and dips in wave (2) ended at 167.67. Wave (3) rally is at present in progress with inner subdivision as one other 5 waves in lesser diploma. Wave 1 ended at 244.9 and wave 2 pullback ended at 211.53.
The 1 hour brief time period chart beneath reveals wave 2 at 211.53. Up from there, wave (i) ended at 228.89, and dips in wave (ii) ended at 218.78. The crypto foreign money rallies once more in wave (iii) in the direction of 258.02, and pullback in wave (iv) ended at 248.83. Litecoin then does one other rally in wave (v) in the direction of 263.26. The ultimate leg larger completes wave ((i)) of three. Pullback in wave ((ii)) is proposed full at 240.21 with inner subdivision as a double three construction. Close to time period, whereas dips keep above 240.21, and extra importantly above wave 2 low at 211.53, anticipate the rally to renew larger.
Litecoin 1 Hour Elliott Wave Chart
Litecoin (LTCUSD) Elliott Wave Video