E Litecoin And Ethereum Elliott Wave Analysis

  • Major coins are trading higher in the last 24 hours with BTC +5%, ETH +10.07%, BNB + 10.22%, LTC, +8.98% at 8:45 am GMT writing time. 
  • As per Elliott Wave analysis, most coins unfold wave (C).  

ETH/USD with strong and big decline from the highs which can be clearly seen by five waves within a higher degree wave A, so an upcoming recovery should be as part of a correction within wave B that can retest 3000-3500 resistance area before we may face another decline for wave C.

ETHUSD 4h Elliott Wave Analysis Chart

ETCUSD Elliott Wave Analysis

LTC/USD has a clear five-wave drop from the highs and first leg A of a three-wave A-B-C correction can be coming to an end, so watch out for a bounce and recovery which will probably be only a corrective one within wave B up to projected 200-300 resistance zone before another sell-off for wave C occurs.

LTCUSD 4h Elliott Wave Analysis Chart

LTCUSD Elliott Wave Analysis

Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.

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Currency Trader 4 weeks ago Member's comment

You think it’s testing 3000?