LTCUSD H&S Formed, Correction A underway. Target $60.

As we can see, Litecoin made 5 waves.

Currently, Litecoin/USD looks bearish mid-term because of the following reasons:

• Elliot Waves completed.
  
• Correction A (of ABC) seems to be underway with target $60.
  
• Litecoin halving momentum is dying.
  
• A perfect Head and Shoulders has formed.
  
• A perfect Head and Shoulders has also formed on BTCUSD pattern; if BTC starts it decline to expected target of $8.5, this would mean LTC price to drop to around $60, which is coincidentally in line with the given target.
  

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www.tradingview.com/chart/LTCbtc

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