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<p><a href="https://twitter.com/mdtrade/status/1780816360257278294" target="_blank" rel="noopener noreferrer nofollow">Matthew Dixon</a>, CEO of Evai, shared his analysis on the recent price performance of Litecoin (LTC) in a series of tweets. According to Dixon, Litecoin has behaved in line with expectations, as it did not reach a new low when Bitcoin (BTC) did. This behavior was anticipated, as Litecoin had completed its correction earlier, suggesting a potential upward push.</p>
<p>However, Dixon acknowledges the difficulty in predicting Litecoin’s immediate price trajectory. He presents two contrasting possibilities for the cryptocurrency’s current crossroads.</p>
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<p>The first scenario posits that Litecoin’s price has formed a top, and an impulsive downward movement could be underway. This movement would consist of waves 1, 2, and 3, with waves 4 and 5 potentially following. Alternatively, the recent price action could be interpreted as a completed corrective wave down (labeled as abc), indicating higher prices ahead.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="692" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-869-1024x692.png" alt="" class="wp-image-477002" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-869-1024x692.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-869-300x203.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-869-767x518.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-869-1536x1038.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-869-2048x1384.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-869-222x150.png 222w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-869-100x68.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-869-518x350.png 518w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-869-788x532.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-869.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Dixon emphasizes that these scenarios do not necessarily simplify trading decisions but rather highlight the need for traders to remain vigilant and consider both possibilities.</p>
<p>Shifting the focus to Bitcoin’s price action from its all-time high, Dixon notes that the Fibonacci retracement levels a and b are equal, potentially signaling a completed correction for the leading cryptocurrency.</p>
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<p>The post <a href="https://captainaltcoin.com/litecoin-ltc-going-according-to-expectations-here-are-the-two-price-possibilities-from-current-crossroad/" rel="noopener noreferrer nofollow">Litecoin (LTC) Going According to Expectations: Here Are the Two Price Possibilities From Current Crossroad</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Litecoin (LTC) Going According to Expectations: Here Are the Two Price Possibilities From Current Crossroad

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