Melisar

Melisar

It doesn't look like the correction is done yet. If we consider an expanded flat correction we are now on wave C. According to theory wave C usually is 100% to 165% of wave A. I am not willing to accept yet that LTC will go down to 36 euro (161,8%) so I have drawn the C at the !00% level which is around 83 euro the same level we were on february 6th. At the...

Melisar

LTC reached a nearly 65% retracement from the impuls wave that started on februari 2. The low of 121,60 also hit some major resistance zones. Wave C did fall short of 161,8% of wave A that could point to another dip down. Assuming this correction is done. First target would be around 136 and second target around 157.

Melisar

LTC looks like it just finished an ABCDE correction. I count 5 subwaves with a 3-3-3-3-3 structure. If this is the case we are now in, or just finishing an impulse wave 1 usually ending in the same region as the B wave.

Melisar

Wave 5 (of 3 one level up) Lets see if it can go beyond 9600. It needs more volume. Until then neutral.

Melisar

First try on btc and EW theory: I believe BTC just started wave 5 (of 3 one level up). Lets see if it can break 11700

Melisar

First try on Elliot Wave analysis. C wave can go down to the downtrend channel which will now act as support. Comments appreciated