SUMMARY
Litecoin (LTC) seems to have put in the abcde waves of a bull flag where price traverses within a downward pointing parallel lines. This has not generated a lower low compared to the start of the previous blue impulse wave up. It means that IF the E wave is complete, then a higher low could be placed and what would be needed next is a breakout of price from the flag pattern. This could take a few days.
Check out the MACD! The commonality of sentiment is no accident! IF Litecoin (LTC) still has the baton and actually leads the breakout, it'll be a potential leading indicator; even to BTC! MACD is very proximal to the apex and could also set a bull wick given how it temporarily pierced the lower yellow support line.
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Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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