Litecoin (LTC): Correction is Almost Complete..Expect a Surging Breakout!!
SUMMARY
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Here is Litecoin (LTC) long term chart and check out the pattern! A symmetrical triangle with the ABCDE waves labeled. All are complete except for wave E and that too is just about finished. This is exciting because as the E wave is sitting on the bottom trendline of the triangle, the propensity of the price is to breakout to the upside!!
So, let's now combine price and pattern with Elliott Waves. The subwaves of the ABCDE qualify the count. Volume has decreased to the minimal level; hence, volume confirmation is had for the symmetrical triangle. The MACD is also genearting the now very common symmetrical triangle pattern also! Expect a breakout soon!
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any chance you could do Tron or Eos, many thanks !!!
Will do during tomorrow's posts.
Thank you!
Litcoin is one of the safest bets in crypto in terms of payments :)
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Um....that is not a symmetrical triangle. That is a decending triangle, which actually implies a downside movement generally. I get you know Elliot Waves but please ask a chartpattern guy if your going to just throw random names out there, other people read these things.
He doesn't care. He gets paid thousands of dollars worth of steem from his circle jerk of friends every single day through these bullshit posts with his fake technical analysis full of random words and shapes that have nothing to do with cryptocurrencies or market patterns. It's been pointed out several hundreds of times that his analysis is incorrect, and all he can do is revert to his statement about how his posts are for entertainment purposes only. Looking through the past at his ridiculous predictions will show that he knows nothing about what he is typing. This is simply one of his ways to scam people out of their money on the internet.
Agree. These are just charts for charts sake. They don't have any real insight or analysis. I don't get his popularity.
Maybe you don't get his charts ;)
Well, to be fair, his "popularity" was kind of purchased. If rancho stopped upvoting him robotically, his posts would probably earn around $50. But hey, get in where you fit in, I guess.
I just wish he would stop senselessly downvoting people.
They would actually be much, much lower than 50$ each. We saw an example of this last week when they rested the rancho account to get the vp back up, check it out:
SOURCE
The symmetrical triangle was apparently referring to the MACD chart
Nope. It wasn't.
"A symmetrical triangle with the ABCDE waves labeled."
I'm curious about this as well.
@realcrypto.
Triangles are important part of EW so I'm sure Haejin had a reason to mark it this way.
And there is just no excuse to be disrespectful.
my bad, I didn't notice this sentence
I Fully agree with you, this is a descending triangle, commonly associated to a bearish market
Where has he shown any sign of knowledge regarding EW?
Litecoin is best coin in the sense of centric value.
Litecoin is public where Dash has moved to private nodes and cornered market mining.
I really see crypto moving towards private and public blockchains in a mining network sense.
Ether just surpassed 1Tb block size and thats going to be harder to mine soon. Eth will be a heavy Public blockchain but that may be a misnomer soon.
Litecoin bestcoin - safety speed store stable lightning net.
Yup
I've been expecting a #LTC & #BCC breakout and so far I've been accurate on #BCC and my TA of when BTC itself would begin to correct. Let's hope I'm right & we're headed for a bull run !
Thanks for the info! The Elliot Wave theory keeps popping up for me. Is that what you use to guide your trading? ;)
Yep, that's what he uses.
what about the fate of bitcoin gold?
is there any good news?
Thanks @haejin !!!
I'm hodling.........
Now is it time for bull bounce back
Seems that way. Lots of analysts calling for bull runs.
lets all keep our fingers crossed