**Litecoin (LTC)**

![LTC 2-3 falling wedge.JPG](https://steemitimages.com/DQmdWtLmJz1aTgN9SUebJr9yJia4DYdVfdMu2VnbFiCThaA/LTC%202-3%20falling%20wedge.JPG)

Since the big drop from 400, LTC has been getting closer to the end of its wedge or the apex. There is a possibility that Bitcoin can start uptrending and breakout to 11000 in the next two weeks. If this happens, I am then expecting a pullback down to 8000 or lower to fulfill the pattern since BTC is demonstrating the same wedge pattern. 

In terms of going long, anywhere from the apex (80) to 120 could be considered good dip-buying opportunity, but then again we can easily break resistance at 160 on the trend line if BTC starts to rally soon.

Also, if a reversal takes place either now or in a month at the apex, I would like to see a break above both the 100/200 EMA lines at around 180-200. The MACD is starting to crossover the signal line as well in both LTC and ETH which is a bullish sign.

![ETH elliot wave 2-3.JPG](https://steemitimages.com/DQmYc8sfu87dH1DsJ5HQugwy61iWHBm9VUuk2NNLRZjvX4g/ETH%20elliot%20wave%202-3.JPG)

**Ethereum (ETH)**

For the past month, the price of ETH has been forming a falling wedge pattern from 1400 to the 970s currently. As you can see, I have put an Elliot Waves to demonstrate where the price can end up for the remainder of the correction. The reason why I didn't implement it in the LTC pic is because the pattern in LTC is divided into many smaller impulses in my opinion.

The price is in the middle of the range between C and the down trending resistance right now, and I would not be surprised if we continued to bounce to D. 

This action also depends on BTC, if BTC starts to form a triangle off of its 8000 lows (since the price is around 9200), then the ETH and LTC will most likely follow. Otherwise, I honestly think this needs time and that it can hit its apex or at E (670). Both spots have good risk-reward and are decent buying opportunities. 

**Conclusion**: Both LTC and ETH getting close to their apex at the end of their patterns. Patience is important, and I will be waiting for these prices to start showing signs of a reversal or a triangle before building my position more. Otherwise, like I said in the last update, I am waiting for a confirmation of a break above the resistance in both of the wedges. 

![FRU crypto pic.JPG](https://steemitimages.com/DQme4YtQhFR4i5ZKrMKcYtKgYew4K6AtksFSfVdxAFng5Ef/FRU%20crypto%20pic.JPG)

_**Disclaimer: (I am not a financial advisor, do your own due diligence when investing in cryptocurrencies. This is just my speculative opinion.)**_