Litecoin resurging from the bottom at 22, is it ended?
Litecoin surged from the ashes and grew this year of 500%. Investors emotion is very extreme when we talk about cryptocurrencies when it is going up, the mood is extremely positive and bullish, but suddenly when the advance stop the fear of another crash rule the sentiments. But Litecoin is behaving like a perfect fractal, following the rules of our algorithm bouncing from the top at 110 in the 1st attractor giving way to a corrective sequence of lower degree to the green attractor. Bulls stay in the arena above 78.36, and the break of it ends the higher degree 3 waves sequence started at 22, looking for the blue attractor at 72 to 45. If price action bounce up from the green area, the chances to go for the 2nd attractor at 131 – 160 increase, getting the final confirmation with the break of 116.70Back to Blog