Is Litecoin heading to $100 with his week bullish Crypto move? The following 17-18 July Litecoin price prediction looks at LTCUSD technical forecast based on Elliott wave theory.
Litecoin couldn’t break below $72 low after a bearish effort last week. This week has been bullish so far for the Crypto market. Bitcoin is going close to $7500, Ripple above 50 cent and Ethereum at $500. Currently Litecoin trades close to $90 and is expected to rally further this week. In the last update, we expected lower prices as price was heading to break below $72 low after the earlier bullish momentum couldn’t be sustained. The chart below was used in the last update.
Price eventually was held above $72 and has now rallied back to $90. What next?
17-18 July Litecoin price prediction : what next?
With today’s bullish spike about to break above $90, it’s probably safe to say price would advance toward $100 in the coming days. If the bullish momentum drops and price forms a technical reversal pattern, we might see price dropping further. But, if $100 is broken fast upside, we may have to count a bullish impulse wave above $127. Stay tuned for the next update.
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