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 cycle from 12/07/2018 low in higher degree I at 7/22/2019 peak ($147.38). Currently, the proposed pullback to correct cycle from 12/07/2018 low is still in progress in wave II.
Up from $22.54 low it ended wave ((1)) at $42.84 and pullback in wave ((2)) ended at $29.59 low. Above from there wave ((3)) of wave I unfolded as a 5 waves Elliott Wave structure and ended wave ((3)) at $100 peak and from there wave ((4)) of I ended at $69.10 low. Above from there, wave ((5)) of I ended at $147.38 peak.
Near-term, from 7/22/2019 peak it already reached the equal legs of wave ((W))-((X)) towards 101.67-79.26 area. However, it can still make another new low before a bigger reaction higher should be seen in 3 waves at least to end wave II pullback. As long as it stays above $79.26 it is expected to resume soon higher again.
LTCUSD 4H Chart 7.14.2019