LTC / USDT - Looking at more lows in the medium term
2024-10-06

LTC Price Action Analysis:
LTC was expected to break out decisively and resume its upward trend a few weeks ago, but it now appears to be forming a larger WXY corrective pattern. However, the C-wave of Y isn’t perfectly fitting within the expected structure, leading to some uncertainty about its completion.

Currently, I’m holding onto this pattern as my primary outlook unless I see a MACD curl-up or a significant increase in volume, which would signal a potential upward move.

If Bitcoin (BTC) experiences another low before beginning its upward movement, there’s a high likelihood that LTC could also make new lows before resuming its upward trend. For now, I’m closely monitoring the signals for confirmation.