Elliot Wave for Litecoin on the 3 Day
This is an Elliot Wave for LTC/BTC pair. According to how to draw an Elliot Wave according to @cryptocoinrun on twitter.
Measure Wave 1.
End of Wave 2 should be around 65% lower.
Extrapolate Wave 3 to be 1.618 x the percentage gain of wave 1.
Wave 4 downward is same percentage as wave 2.
Wave 5 is approximately the size percentage wise as wave 1.
Measure Wave 1.
End of Wave 2 should be around 65% lower.
Extrapolate Wave 3 to be 1.618 x the percentage gain of wave 1.
Wave 4 downward is same percentage as wave 2.
Wave 5 is approximately the size percentage wise as wave 1.