Litecoin has corrected quite hard, harder than most of the other cryptos. This should be considered a buying opportunity. This does appear to be the corrective segment of a 5-3 Elliott Wave. If support at $130 does not hold, we should have support at $124. If it dips any further, this will invalidate the pattern entirely. Once we get a burst of momentum, this may constitute the beginning of the next Elliott Wave (wave 1) and we should make it back to highs, or levels nearby, shortly.
Join my discord at discord.io/quantguy
