10 days ago, before the start of the general rise of the crypto market, I stated that LITECOIN had a lot of probabilities of leading the reversal cation on the Market since it was approaching to the 200 Day Moving Average line in a consistent and strong movement.
You can read my post either by following this link, https://mentormarket.io/cryptocurrencies/toofasteddie/litecoin-willing-to-break-the-200dma/
or the usual Steemit post here .
On that post I also anticipated the way forward by using Elliot Waves TA, the chart below corresponds to my count 10 days before:
Have a look now to the same chart today but using the daily time-frame:
I haven’t changed the targets, yet… the count still is valid. We are now watching the formation of the 5th (v in black) in order to finalize the 3rd wave of a bigger grade…
I keep the target for this 3rd Wave on 60 USD… but it could be higher (79.7 USD) in case this is an Extended 3rd wave and not a classical one after a long first wave… I think we will discover it soon
By the way, I keep the “Golden Cross” milestone by March 15th since looks very likely to happen.
Let’s see if LITECOIN remains attached to the ELLIOT WAVE Count…