SUMMARY
LiteCoin (LTC) is about to SURGE towards $114.72 which would be a MASSIVE 72% Profit from current price level. The chart below shows a Bullish Ascending Right Triangle. The white horizontal and rising lines form the right triangle. The parallel blue line is used to project the target price. A vertical line (dotted blue line) is drawn from the apex until it touches the parallel blue line. The volume is also declining from the start of this pattern...it's a very nice confirmation.
Price now needs to breach the upper white line decisively and once complete, price will impulse towards $114.72!!
Below is an example of how GBTC sported the same bullish ascending right triangle and look how price hand delivered profits!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
Glad I bought 500 more LTC at $37
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That will be awesome. Then I can take profits in ltc. Keep 33% for long term hold. Sell off 66% and buy more bts. Eos. Steem. Can’t wait. Thank hyung.
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Bts is a good hold to you?
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Yes. I have mined Protoshares years ago.
And bought bitshares. Continually for over 4yrs. Has been my best return.
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Interesting ! I thought it was a declining alt as bts is only up 2cents for the year
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i buy bts then i short bitUSD with bts collateral..then with my bitusd i buy eos and i buy steem.....so know i have 3 coins going up in value instead of just 1 coin.
plus you diversify...when bts value goes up i take my profits from my short
later i will do a detailed write up on it...this method gives me 3 coins increasing in value...2 income streams...and when bts value goes up i also profit more bts coins
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i started buying bitshares at 4bts for a penny
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Hmm....interesting
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Looking for the same! Gonna go big into BTS, EOS and RISE!
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Hi Haejin, It is simply awesome. Created position in LBY, Reddcoin, Spreadcoin based on your recommendations. I have noticed one thing which you will be aware of. Although value of altcoins raised in USD terms, but it is down heavily in terms of BTC. In the end of the day, BTC count matters for all of us.
For e.g. in BTC value, NEO is at same level of Aug 5, 2017 ( USD-11, 0.00359480 BTC) NEO on 17 Nov is $28.47/0.00359480 BTC. Will Technical analysis and charting on BTC be helpful? Your view appreciated.
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Lightning Network news was again confirmation for moon!!! Thanks Haejin and have a happy MAAAAAASIVE PROPHET Weekend!
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Interesting......let wait and see~~
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Interesting analysis
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No Kaboom?
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This looks amazing! Up until now I've been flying blind on these and after LOSING this past week... It's time to figure out what I'm doing.
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i can definitely see litecoin hitting over $100 before the first of the year, it's way undervalued considering how stable it is and how long it's been around.
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Lets roll with these litecoins!
They are cheap, fast and screaming to become btc shadowhunters
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