Litecoin (LTCUSD) Forecasting The Decline using Elliott Wave

LTCUSD 1 Hour Elliott Wave Analysis — 16 February, 2022

Chart below shows wave (( i )) and (( ii )) completed and we expected the decline to resume in wave (( iii )) as far as prices stayed below wave (( ii )) high and more importantly below $143.93 high.

LTCUSD 1 Hour Elliott Wave Analysis — 20 February, 2022

Chart below shows decline resumed as expected and wave (( iii )) is nearing completion after which we expected a bounce in wave (( iv )) and another leg down to complete 5 waves decline from $143.93 high.

LTCUSD 1 Hour Elliott Wave Analysis — 27 February, 2022

Chart below shows Impulsive decline from wave (B) $143.93 high completed at $91.94 and as dips stay above this level, expect prices to extend higher to complete wave 2 before a turn lower again.

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