LiteCoin (LTC) $6 Shy of $258 Target
The TREE COUNT for Shorter Term Traders:
On the 14th post, the target for wave 5 was set a $258 and it ended at $252; $6 shy. Elliott Waves states that after five waves, there is a requisite retracement. This can occur in various patterns and counts.
For now, the retracement is labeled as an abc (red). Though, this doesn't necessarily mean that the correction can't morph into a triangle or another of the 36 possibilities. However, monitoring correcions allows one to best identify not in/out trading scalping opps but rather ladder buy entries at suspected and probable correction terminations.
The current correction could be seen as a wedge pattern. This is shown by the white trend lines. Price is quite proximal to the apex...let's see what happens during overnight price action; it would be ideal for the upper white trend line to be breached
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I'd like to see LTC make one more run. Cash out high and move it into precious metals.
Greetings Haejin, sure hope your enjoying your day with your family.
When you have a chance can you do a update chart on LTC?
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There are news that circulates in the web that the whales were planning to pump the coins and then dump and the btc will drop as much as 4.5k dollars. Im not sure if its true but only time will tell.
I would not be surprised. There have been many accusations that crypto is one giant ponzi scheme.
#BTC continued its decline and is now trading near the $ 9800 mark.
There is a possibility that the cue chart, like all crypto currencies, formed the "bubble blow off" scheme. This has already been two times: a fall from $ 32 to $ 2 in 2011, and a fall from $ 1175 to $ 230 in 2014.
Now 2018 and I'm guessing blowing from $ 20,000 into the $ 4000-5000 zone. Yes, there is a future for bitcoins, but realities at the moment are not the most positive. As they say, everything is cyclical. And now. The market punishes the weak and greedy players.
From a technical point of view, the trend is still downward, the trend line is not broken, and therefore further decline looks very logical.
What are your thoughts on litecoin cash? do you think it will grow in price the same as litecoin?
Will LTC touch $500 with in 2018?
More like 5000 end if year.
Based on what? I am following this cryptos for almost a year. And I am so tired of all comments like yours. Most likely..., I believe,... @hajein predictions are not always correct, but at list he tries to make an analysis and he tires to support his statements. But you and others like you just makes a lot of confusions. More like 5000$ has no credibility. It is exactly the same like I would say 5$ or 50k$.
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bitcoine to the Moon and Beyond.great news.
the crypto.news is the best treading center.it is very good for us.
Yes am very happy because this is the first Good news I got this year.
Looks like another correction is taking place in the crypto land. Hold onto your hat and learn to love hodling...
https://steemit.com/cryptocurrency/@andriustovis/litecoin-update-look-for-buy
So do you think litecoin will go up? Some advice or help needed.
Yes it will :) Check my analysis https://steemit.com/cryptocurrency/@andriustovis/litecoin-update-look-for-buy
OK. Thanks :)
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