ETH

Ethereum has finally hit the E part of the ABCDE correction, at 560. Currently the price is still trending downward though, at 506 and has hit a low of 449 today.

If Ethereum continues to drop, to 400 since it is a known support level, then my count would have been invalidated. I would consider this to not be a correction, but rather a short-term bearish trend. Nevertheless, that statement could be false, since it could just be a temporary breach of the lower trendline.

450 could be the low though, since after reaching the oversold mark on the RSI we are seeing a bounce right now.

For confirmation of a bullish uptrend, breaking 784 (200 EMA) would be the signal.

LTC

Litecoin has hit my target resistance at 136 support at a low of 137, almost spot on. We are now uptrending quickly after Bitcoin hit a low of 7300 and is spiking towards 8000.

If we break 136, 100 will be the next support to look for a bottom. 100 is similar to the %1 fib level, so it should be a stable bottom, since Bitcoin should be also at the point of hitting the low 6000's. (That is to say, if Bitcoin doesn't break below 6000, otherwise we would be in a bear market)

At 100, the RSI should see an overextended low as well, another reason for a bounce at that level.

For confirmation of a short-term bullish uptrend, breaking the 200 EMA at 190 is necessary.

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