Litecoin Faces Heavy Drop to $10 (Best Case Scenario)
Updated
With Litecoin forming what seems to be a bullish double zig zag to lead its all-time macro wave structure, there are one of two options for the follow up:
The most bullish outcome being a long-term diagonal wave setup, which would require a test and discover of support from the $10.50 range.
The most bearish outcome would see Litecoin doing its best Luna-bomber rendition and making new all-time lows.
In either case, it may be a good time for investors to abandon ship and protect profits. This is the point where the decision is made to surf or to drown.
The most bullish outcome being a long-term diagonal wave setup, which would require a test and discover of support from the $10.50 range.
The most bearish outcome would see Litecoin doing its best Luna-bomber rendition and making new all-time lows.
In either case, it may be a good time for investors to abandon ship and protect profits. This is the point where the decision is made to surf or to drown.
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