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 double three structure where wave ((W)) ended at $75.88 high. Wave ((X)) bounce ended at $107.11 high and wave ((Y)) is proposed complete at $36.59 low. Near-term, while dips remain above $36.59 low and more importantly above $22.54 low expect Litecoin to extend higher.
LTCUSD 8 Hour Chart 2.11.2020