LiteCoin (LTC) Target $91 (68% Profit Potential)steemCreated with Sketch.

in bitcoin •  7 years ago 

SUMMARY

Previously, I had posted the below chart of Litecoin (LTC) where the red a,b,c retracement completed and the rise started. I had labeled the blue Elliott Waves to provide a price pathway.

I've now labeled the subwaves such that price actions so far should make more sense from an EW perspective. White circled wave 1 and 2 are complete, and more than likely, price is shaping out the sub waves of white circled wave 3. The sub waves are labled by the blue circled 1,2,3,4,5. Price should get at or near $91 or so.

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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.**

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Hi Haejin, what's the probability of a pullback, and to what price?
Thanks.

Let's go litecoin!

Thank you!

Thanks @haejin ! On the ball as always! Thank you for doing all this analysis for those of us listening to words of wisdom!

Do you have a favorite Elliot Wave book that you can recommend for beginners?

Do you have a favorite Elliot Wave book that you can recommend for beginners?

good one, would you plz analyze LISK, they will announce re-branding date on Nov 22

Thanks!

thanks haejin. this is one of the most robust coins long term aside from BTC i dont want to miss the train

I'll be holding on to my LTC =)

Liking the sound of that analysis :-) Though I think in the short-term some sideways trading or dips will occur.

@haejin, Would you please take a look at the ETC chart? I feel like it's setting up nicely for a 5th impulse wave to reach an all-time high in 1Q 2018, but I might not be reading the chart properly?

Here is the analysis on ETC, please use only to augment your due diligence.
https://steemit.com/bitcoin/@haejin/ethereum-classic-etc-target-usd49-379-profit-potential

Awesome works as always. Thanks a lot buddy!

Thanks I hope your right I'm litterally betting on it ;)

tanks haejin, nice analysis.. And how about BCH as you state it will catch up previous all high, its gonna started soon?

Here is the update on BCH, please use only to augment your research.
https://steemit.com/bitcoin/@haejin/bitcoin-cash-bch-the-rise-is-starting-short-term-target-usd477

Do you have a favorite Elliot Wave book for beginners?

Check your feed. He posted it yesterday.

@haejin I can see Litecoin continuing to do well given the transaction speeds but the next 12 months will be very telling!!

Let me know what you think of our latest episode of Crypto Nights on my blog in which we discuss Litecoin!

Alex