SUMMARY
Litecoin (LTC) has also been making lower lows, but incrementally and not at all as crash scenario. This decline is a very incremental, methodical, coordinated, controlled decline that is so far adhereing to pattern and Elliott Wave count. Similar to Bitcoin, LTC is also showing a wedge fractal. The Elliott Wave count for LTC still remains as a larger degree of trend 1 and 2 where the blue impulse is the subwave set for 1 and the current wedge's abc are the subwaves for 2.
It's quite likely that LTC is gunning for the 0.78 Fibonacci zone and that's at the $124 level. IF that is breached; then the next Fib area is the 0.88 but price is a bit above that level for now. The ZigZag 5,3,5 is still in execution. I believe the terminal end of this minor correction is very close.
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
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Tutorial on the use of Fibonacci & Elliott Waves
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Great analysis Haejin.
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Update on actions off blockchain being taken against @haejin.
https://steemit.com/stewardsofgondor/@iknowwhoyouare/i-haven-t-gone-away-and-continue-my-efforts
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başarili paylaşim
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134 or 124?
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This depends entirely on what the bitcoin is going to do and it has just dropped below his critical point (less than $ 7750 at $ 7400 at this moment).
https://steemit.com/bitcoin/@goldmine2018/bitcoin-reaches-a-critical-point
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thank for information
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Good post! Keep it up. 👍
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It lines up with my chart :) time to load up
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Benefit information
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Agree, price broke through daily demand, next buying opportunity is at $100.
We have buy orders at $100 as indicated by the wicks. Price couldn't even come close to $100 before price shooting back up which signifies strong buyer at this level. I would prefer to be a buyer at $80.
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@haejin , you are great
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Great update Haejin.
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Hi!
Useful information about the day opening price, For all current and future readers.
Today's date 17/03/2018:
Bitcoin: 8509$
Ethereum: 612$
Ripple: 0,70$
Bitcoin Cash: 998$
Litecoin: 168$
NEO: 66$
Cardano: 0,18$
Stellar: 0,24$
EOS: 5,2$
Monero: 220$
Have a good day everyone!
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Coins mentioned in post:
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Finally got to the $130-£110 range for LTC :)
https://twitter.com/CryptoAddict8/status/973901864281493504
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"Incremental, methodical, coordinated and controlled decline." I like that. Thank you for the update and information.
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You are great
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It's a buyers market. Thanks for the post
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If anyone go against you call on me, you are the best boss..
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Congratulations @haejin, this post is the seventh most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 45 and the total pending payments to posts in these categories was $2668.30. To see the full list of highest paid posts across all accounts categories, click here.
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Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 128.68 SBD, based on the pending payout at the time the data was extracted.
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LTC seems to have formed a symmetrical triangle on the daily chart . If there is an outbreak to the upside, prices can potentially reach $470 to $500.
Link to analysis: https://steemit.com/litecoin/@gbksa/ltc-formed-symmetrical-triangle-on-daily-usd470-to-usd500-potential
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