Litecoin is a peer-to-peer digital decentralized currency distributed worldwide and LTCUSD represents the price of Litecoin in US Dollar.
Down from 12/19/2017 peak $370.78 the pullback in Litecoin is proposed complete in wave (x) at 12/07/2018 low ( $22.54) as a zigzag correction. Up from there, LTC is expected to resume the next Daily cycle higher.
Up from $22.54 low, it ended a cycle from 12/07/2018 low in higher degree I at 6/22/2019 peak ($146.95). Currently, the pullback against 12/07/2018 low in wave II unfolded as a zigzag structure where wave ((A)) ended at $36.10 low. Wave ((B)) bounce ended at $84.19 high and wave ((C)) is proposed complete at $24.85 low. Near-term, while dips remain above $24.85 low and more importantly above $22.54 low expect Litecoin to extend higher.
LTCUSD 8 Hour Chart 4.21.2020
