Litex (Huobi: LXTUSDT) has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Litex began a wave one advance on September 5. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 7, and the red wave two (blue sub-waves a-b-c) correction ended on September 18. If this wave count is correct, Litex should be heading next towards the September 7 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Litex is building a commercialized layer2 ecology worldwide. You can view their roadmap below.
(Sources: https://litex.io/)
How Will Litex Trade?
Litex (Huobi: LXTUSDT) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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