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Technical analysis by ew-forecast about Symbol LTC: Buy recommendation (7/18/2025)

https://sahmeto.com/message/3642001
ew-forecast
ew-forecast
Rank: 109
3.4
Buy،Technical،ew-forecast

Litecoin Continues Its Bullish Cycle As Expected, which can send the price even higher from technical point of view and by Elliott wave theory. We talked about Litecoin back on May 30, when we spotted a bullish setup formation with waves (1) and (2) that can extend the rally within wave (3) of a five-wave bullish impulse. As you can see today on July 18, Litecoin with ticker LTCUSD is now breaking strongly back above May highs after we noticed a complex W-X-Y correction in wave (2). Now that ALTcoin dominance is stepping strongly in, we may easily see more gains within a projected five-wave bullish cycle during the ALTseason, just be aware of short-term pullbacks.

Translated from: English
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Signal Type: Buy
Time Frame:
4 hours
Profit Target:
$140.25
Stop Loss Price
$94.14
Price at Publish Time:
$109.26
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