Image by Eivind Pedersen from Pixabay 
 

Not much of change in the Crypto market and despite the stock market sell-off last week on Friday, Cryptos are still holding up well, it's just that consolidation is taking more time now. Crypto TOTAL market cap chart is still trading in wave (2) correction that can be an ABC flag pattern with ideal support around 3.0T level before a bullish continuation within wave (3) of a five-wave bullish cycle.

Crypto TOTAL 4H Chart

Litecoin with ticker LTCUSD is making a sharp and impulsive recovery in the 4-hour chart after a completed complex W-X-Y correction in wave (4), so bulls for wave (5) are back and we can expect more upside. However, due to a lower degree five-wave rally, it can be first wave 1, so we should be aware of an abc irregular flat correction in wave 2 that can retest 120 – 110 support area before a continuation higher within wave 3 of a five-wave bullish cycle for a higher degree wave (5).

LTCUSD 4H Chart

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