Is it a good moment to invest in Litecoin and Cryptocurrencies?
The major cryptocurrencies are correcting the bullish cycles started from the bottoms early this year. Litecoin made a top in 142.22 and plummeted to 75 breaking the time relationship between waves. If price balances the time connection between the motor wave already finished and the corrective wave on course, sideways movements should follow and a potential low between the lines and inside the blue box or attractor can take place completing a corrective way. This scenario will increase the probabilities of a higher degree long term sequence looking for new historical highs in Litecoin and also in the major cryptocurrencies like Bitcoin and Ripple.Back to Blog