SUMMARY
LISK (LSK/USD) has been correcting since early January and as can be seen in below chart, price has been going sideways. When price has no particular direction, the WXYXZ triple combination label is used (blue). This count shows that the blue Z would require a lower low and price is likely travel as a 5,3,5 zigzag. IF this is correct, there should be a bounce for an abc (red) retrace.
A more simplified labeling is an easy red ABC. While technically correct as shown by the subwaves, this ABC doesn't exactly address the sideways meandering of the price. Regardless, the terminal end of wave C also calls for a lower low. The five subwaves of C are shown in the white 1,2,3,4,5. The lower low is expected to coincide with Bitcoin's current correction.
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