- Great news for all Litecoin hodlers and traders! As per my , this downtrend established in 2018 has finally finished!
- This is the LTCBTC pair on the . It means that it would be better to hold LTC instead of BTC . But there is no guarantee of the USDT value of your holdings.
- Regarding my analysis, a major impulse wave has been completed, and now I expect at least a retracement to the upside.
- Also, we can spot very nice local and patterns that are very close to a breakout!
- The has been destroyed by the bulls successfully, and now we are waiting for the pattern.
- The last weekly candle of the downtrend is an extremely strong candle, which is absolutely great to see!
- The BTC .D Dominance chart confirms this analysis (I will post the BTC .D probably next week).
Professional trader and analyst. My specialization is in Elliott Wave Theory, Fibonacci tools, chart patterns, candlesticks, and price action. To analyze market structure, I use market profile and volume profile in my trading system. To analyze trends, I use trendlines, VWAP, and simple moving averages.