Today it seems we are having a stronger correction after 
BTCUSDT broke to new ATH above $106K USD.
This can mean a lot of things
Current Situation:
Litecoin is in Wave 4 (a corrective phase).
Price is holding between $115 (0.382 retracement) and $109 (0.5 retracement).
EMA50 at $101:
The recently added "LEVEL TO WATCH" is significant.
If the price falls below $109 and tests $101 (EMA50), this would represent a deeper pullback and a crucial area for a potential bounce (support confirmation).
Next Move (Wave 5 projection):
If support holds at $115, $109, or EMA50 ($101), Wave 5 could follow.
The upward projection targets approximately $145-$150.
BTCUSDT broke to new ATH above $106K USD.This can mean a lot of things
Current Situation:
Litecoin is in Wave 4 (a corrective phase).
Price is holding between $115 (0.382 retracement) and $109 (0.5 retracement).
EMA50 at $101:
The recently added "LEVEL TO WATCH" is significant.
If the price falls below $109 and tests $101 (EMA50), this would represent a deeper pullback and a crucial area for a potential bounce (support confirmation).
Next Move (Wave 5 projection):
If support holds at $115, $109, or EMA50 ($101), Wave 5 could follow.
The upward projection targets approximately $145-$150.
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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.
Related publications
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.