LiteCoin (LTC) Update: How Different is it from Bitcoin's Pathway?
SUMMARY
I've frequently stated that Bitcoin is the moon that moves the tides of the Cryptosphere ocean and that all Altcoins swam in it. Another was that when Bitcoin sneezes, then the Altcoins catch the flu. So, yes, Bitcoin is moving the markets and so just about every coin is following in its footsteps.
The below chart shows LiteCoin (LTC) with a decending wedbe pattern and also likely to generate one more lower low IF the upper line of the triangle repels the price back down. The overall pattern is quite bullish, once complete and confirmation will require a breakout from the contracting lines. So where exactly is the bottom? I don't know and nobody knows. To ask for certainty in a game of probability is not the right request. Rather, the most common question should be what are the probable outcomes? I believe there is a distinct a,b,c corrective waves and that wave c is subdividing into fives. That subdivision shows about $110 to $100 as a potential bottom. Therefore, aligning a buy ladder to be cast in that range could be beneficial.
Legal Disclaimer: 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
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Do you suggest to keep Hodling LTC?
haejin TA is like this pile of poo!!
Absolutely!!
I would sell it, once Bitcoins lightning network is released there will be no need for litecoin.
When will that happen?
They haven’t announced a date yet, 2018 for sure though.
That will only boost the need for litecoin. The lightening network cannot solve the bitcoin's problem but will make it better.
$600 LTC here we come...
haejin TA is like this pile of poo!!
Upvote & resteem .... Follow me @lurehound
haejin TA is like this pile of poo!!
your doing god's work kimjongpoo lololol
that would be a huge difference :o
guys thats good point!
now it is better both experts are opposite lets see which one is right about litecoins
haejin or @salahuddin2004
salahuddin view about litecoin
https://steemit.com/litecoin/@salahuddin2004/litecoin-will-shoot-at-usd360
haejin TA is like this pile of poo!!
Experts top 20 coins for 2018
https://steemit.com/altcoin/@salahuddin2004/4ffyjm-top-cryptocurrencies-pending-price-target-and-their-due-dates
Just hodl LTC :)
haejin TA is like this pile of poo!!
This TA though... Are you trying to fit Elliot waves and other patterns on the chart where there are none to be found? Because it sure looks like it, what is that "ascending triangle" on the bottom left? what influence does that have?? Why do you say "target $114" with a checkmark? To make your audience believe you predicted that? Pathetic, it's easy to talk about the past claiming your target was correct. I mean, you know I predicted BTC was going to hit 20k before 2018, right? I was spot on, let's include that from now on in every TA I make so everybody knows I, and only I, predicted BTC was going to hit 20k. Now everybody will believe my further TA, and give me more upvotes, how beautiful. LTC will almost certainly go it's own way and there is no way your TA gives any clues of where it's going. Just throwing darts, like always. Wanna know my TA on LTC? I'm calling that LTC price will rise in 2018, I can't tell you when or why or how much though, but it'll rise...
Check his past predictions. There are timestamps on his posts, there's nothing deceptive going on here.
152 upvotes, $319. Seems legit... Did you beg your whale friends to upvote again?
merci pour le partage
Please update NULS analysis.
Love the analogy that "Bitcoin is the moon that moves the tides of the Cryptosphere ocean"
haejin TA is like this pile of poo!!
haejin TA is like this pile of poo!!
haejin TA is like this pile of poo!!
haejin TA is like this pile of poo!!
haejin TA is like this pile of poo!!
haejin TA is like this pile of poo!!
