LITECOIN has reached an area to complete wave 3. I mapped out the wave count for this wave. It ends in an extended wave 5 that ends in an ending diagonal. Per Elliott wave theory, and ending diagonal signals a heavy drop -- down to the wave 4 of lesser degree (circled). I see limited upside and higher risk to the downside. Invest carefully.
Note
[IMG]support and resistance levels
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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.