Bitcoin ended the 5-wave decline from the June peak and is currently looking for a bounce higher.
Price has already broken out of the downtrend channel with an initial first leg up and is heading into the 50% – 61.8% Fibonacci retracement area at $62,555 – $63,675.
From there, a reaction lower is expected to take place as sellers re-enter the market.
The bounce could still turn into a larger degree 3 swings structure against the 67K peak, but it's still expected to fail for more downside later on.
$SOL completed a 3-wave pullback from the June peak, reaching the equal-legs area of **$66.70 – $64.80**, from where a reaction higher is now taking place.
Price remains within a sideways range and needs to break above $76 to open a bullish sequence.
As long as the current bounce remains corrective, bears will be looking for another attempt lower toward $60.
Short-term traders need to watch the current reaction, as it will define the next swing move for Solana.
$LTC ended the bounce from the June low and turned lower again to continue the cycle down.
Once price breaks the June low, it will open more downside toward the target area of $39 – $36.
From there, another bounce could take place before the next path is decided.
There is no need to rush picking a bottom for Litecoin at this stage — the move lower could extend, and it's better to wait for a clear daily reversal.
The decline from the May peak is showing 3 swings down into the equal-legs area of $0.55 – $0.48.
Up from there an initial bounce could be seen before price resumes the downside move.
If the decline continues within an impulsive structure, it will aim for the Golden Ratio at $0.37.
Breaking the February low will add more conviction of the downtrend but weekly structure suggest a final bearish phase before the next daily bounce happens.