LiteCoin (LTC): What Do You Get with a Bullish Wedge & a Bull Flag?

in litecoin •  7 years ago 

SUMMARY

When you get with a bullish downward wedge and a bull flag combo? It's not a crash; but rather a phenomenal opportunity to potentially profit. Take a look at the below chart of Litecoin (LTC). It's primed and ready to deliver. The bull flag low generated a higher low; singaling the trend reversal at hand. Also, there is an Inverted H&S about to complete and confirm. The RS is almost done; so, perhaps the weekend will bring us a Neckline breach. The blue impulse waves project a potential price pathway and it represents just the start.

A bit messy with so many markings; but, it all makes sense and jives well with price, pattern, indicator and Elliott Waves. There is a real potential for a Cup & Handle pattern at around July or so; but that'll be a consolidation used to ready for the next run into November or late January of 2018. The PopCorn Symphony in C Major has started and by late Fall...amazing profits could be gotten by many.

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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Do Dash?

Dash was done a couple days ago.

litecoin 1k 2018

you think litecoin is bullish?

What did you mean by "The PopCorn Symphony in C Major"?

He means that a lot of alt coins are going to rise steeply in price or "pop" like a popcorn kernel. The sound of popcorn popping is like music and in the this reference, @haejin likens the sound to classical music. I prefer to liken it to the sound of Heavy Metal or Punk Rock!!! FAST AND FURIOUS!!!

Thanks for the elucidation 👍 I'm kind of new in the game. So I'm still trying to know my way around it 😃

LOL! You got it!

Thanks for the TA on LiteCoin. I was looking at this today and honestly felt a little bit lost with my current abilities. Whenever there is too much green in a chart, I start looking at the oscillators - things like Stochastic RSI - expecting to see a clear "overbought" indicator. But, we are not quite in that territory just yet. So, short term, there still looks like a little bit more upside momentum. But, what I see as "a little bit," could end up being another 10 -20% profit. Having a large short position in LTC, I'm watching this one closely. So, thanks for your thoughts.

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And, the bernie@$$holes once again have successfully protected the integrity of the SteemIt platform by destroying another Minnow!!! Well, they can go suck a big, smelly, rotten, used dildo.

A bunch of whales give my 100SP account another big downvote for engaging in an appropriate interaction on the SteemIt blockchain. It should be no surprise that I choose not to invest any more than 100SP in the SteemIt platform, or promote it to spread any further. Why would I tie up any serious money in an asset that will be subject to being governed by a bunch of internet trolls who are self-styled "anarchists," which promptly hand over control of their money for at least a period of 13 weeks? ME? In 13 seconds, I go to my safe, and BAM! Instant, truly decentralized, real, physical money - in my pocket, ready to go drop wherever I choose to. Stupid Steemians can lick my bungholio!!!

But, here's a challenge for you guys: give my physical stack of gold and silver, in my safe, at home, the biggest downvote that you possibly can! I will open up my safe, check it tommorrow morning, and let you know if my stack weighs any less. HA, HA!!! :P
#steemsilvergold bitches!!!

SteemItSilver.jpg

Please do BCH

Will do later today.

Hello Haejin! Thanks for your great analysis. Can you make one for DASH? Thanks :X

He did one very recently

It was done two days ago.

What are your thoughts on polymath? Do you see big potential there?

This is such a motivating post about litecoin. It's in my inclination to pick up learning from other people who are superior to me.

Thanks for sharing another knowledgeable post.

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