Elliot Wave analysis applied to Bitcoin and Litecoin. Also technical analysis applied in both coins to determine key levels and potential targets.
Check out yesterday's Bitcoin short term analysis we're 11.5k was pointed out as a key target in the short term.
Actually Bitcoin is quite close to that target only 24hrs later.
Let's update that Elliot Wave Count:
Now let's analyse LiteCoin.
Usually Litecoin is positive correlated with Bitcoin in more than 95% of the time.
Litecoin volatility is also higher than bitcoin.
Five Wave about to start in LiteCoin. Bull trend line holding fine, bear trend clearly broken and targets pointed out.
Thanks for Reading!
