The same matter as we have just discussed for EUR/USD is actually playing out here as Litecoin failed to stay above resistance at 80.28 and more importantly above resistance at 75.49. This tells us that an expanded flat correction is unfolding and a dip to 69.50 should be expected before the next strong rally higher to 97.27 and above.
The fact that an expanded flat correction is unfolding also tells us that the next impulsive rally higher will be strong and extended, so again it's just a time question. When will the expected rally be seen? For Litecoin, we will have to allow for a dip closer to 69.50 before the "Go ahead" is given.
