Looking at the 4-hour of Litecoin with ticker LTCUSD, we can see a sharp rebound away from strong 50 support area, which looks like an impulse, so seems like strong support for the final wave (5) of the wedge pattern within wave C can be in place. LTC is actually acting quite strongly for the last couple of days, and we can see a corrective A-B-C slow down within uptrend, so seems like it's poised for more gains, but keep in mind that real bulls may step in only above upper wedge line, and 77 region.
On the date of publication, Gregor Horvat did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.