The square root of 0.78 is 0.88 and that is a probable target affinity for Litecoin (LTC). The H&S pattern is also completed and confirmed with price breaching the Neckline to the downside..this is bearish.
Many Altcoins have hit new bear market lows and while not primary; that is one scenario to consider.
However, given that a very robust five waves were completed since Dec. 2018; the current correction is likely a wave 2; deep as the retracement might be.
For more analysis, check us out at Haejin.com where custom analysis of your coins can be requested while receiving daily video analysis of BTC and major Alts.
Many Altcoins have hit new bear market lows and while not primary; that is one scenario to consider.
However, given that a very robust five waves were completed since Dec. 2018; the current correction is likely a wave 2; deep as the retracement might be.
For more analysis, check us out at Haejin.com where custom analysis of your coins can be requested while receiving daily video analysis of BTC and major Alts.