Litecoin fell to a new low which now fits into a nice five wave decline down from 90 area, so we see market completing an extended wave three.
Therefore, a reversal is expected to unfold in three legs, ideally headed higher into wave four towards 60.00 area where new resistance may send price back to the downside; towards 40.00 while price is below 79.00.
LTCUSD, 4h
(Click on image to enlarge)
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