Litecoin is in a wave 3 rally of the impulse wave since March 2020. Wave 1 is a leading diagonal, which generally points to a huge upside move which we are in now. We have reached the 1.618 extension of wave 1 and will likely consolidate in this range for some time before heading to the next target - 262.5 - the 2.618 extension of wave 1.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.