AliBahaari

LTC has a long way or will be terminated soon?!

Long
BINANCE:LTCUSDT   Litecoin / TetherUS
Due to latest analysis, it made a upward movement because of breaking the contracting triangle roof.
In a larger view, I think it's within a upward W-X-Y correction which waves W and X were completed.
Also an A-B-C pattern is within wave Y which first 2 portions were completed. But wave C is remained.
There are 2 scenarios for the wave C:
1. Ending Diagonal as the wave C
2. Leading Diagonal as a wave 1 within the larger wave C
If the first scenario would be correct, future upward movement will be the latest (as I specified in the chart).
But if you consider the second scenario, it has a good profit in long-term trading.
Summary it should make a upward movement but in the future it needs to be reviewed again.

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