SUMMARY
The below chart shows a potential Inverted H&S pattern being put in by Litecoin (LTC). The pattern can also fit as a rounded price formation or a Cup & Handle. It doesn't matter which pattern, the direction is the only thing to find as a TA. Currently, the blue waves show that 1,2,3 and 4 are probably complete and 5 would be next.
However, the lead alternate shows that the five waves could be placed (blue waves). This means that the RS will coincide with the abc correction (white arrow). The MACD is still bullish but just that much more closer to the apex.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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bernie your trash bot is flagging itself LOL
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Litecoin next target looking like $120
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Regards. What about TRX new steps in the next weeks? Thanks
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Tron will be bullish after this small correction before mainnet? www.luciannagy.com
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Coins mentioned in post:
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Learnt something tho.. Thanks so much ☺
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Reward me intensively.. 😀😀
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🤗 🤗
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yeah me too
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Happy you did ☺ 🤗
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Thanks for the info I'm a heavy investor in litecoin. I've also hated charlie lee since the beginning and yelled at him so much he banned me on twitter. Pretty funny the stock jumped on news he was leaving, about time.
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Well that is Twitter, steemit should be a different experience is suppose.
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LTC=BTC*4.
xD
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I'm just looking to establish a position in the Steemit community, and would appreciate to find some people like me, so we can mutually support one another. subscribe @khaled4444
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Litecoin right now is hugely undervalued.
I hope in few years that 1 litecoin would be worth 1/4 of bitcoin based on its supply.
Not to mention that is getting accepted everywhere in the world along with bitcoin.
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I never bought that 1/4 ratio story. Don't get me wrong, but I don't see what would make LTC so valuable (?)
There are far more superior and cheaper coins with lower fees and good network of nodes. DigiByte is one example.
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Yes you have a point there, there are coins with faster times and even lover fees but thing that separtes litecoin from the rest is its history remeber lictoin is 2nd only to bitcoin that and also the merchants and exchanges almost every single one of them are accepting litecoin.This will be a huge deal when the time passes on.
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