- Ripple trades into sideways range.
- Ripple may slide down if total market cap moves down.
- Litecoin clearly points lower.
As per Elliott Wave analysis Ripple, XRPUSD is still in sideways range, so it's ideally still trading in a correction which we see it as part of subwave 2 that can push the price even lower within a five-wave cycle for a higher degree wave (C)/(3), especially if we respect correlations in the Crypto market.
Ripple 1h Elliott Wave Analysis Chart
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Litecoin, LTCUSD is clearly pointing lower after recent spike up and sharp reversal down which we see it as part of the first leg A/1. So, with current intraday corrective rally within wave B/2, we have to be aware of more weakness and continuation lower within wave C/3 soon, especially if we respect correlations in the Crypto market.
Litecoin 1h Elliott Wave Analysis Chart
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