LiteCoin (LTC) Update: The Bull Run Only Started!!

haejin (87)in #bitcoin • 6 years ago

SUMMARY

The LiteCoin (LTC) correction is well underway. The below chart shows a probable a,b,c vintage correction. Don't forget about the "Hurry Up & Wait" syndrome that all altcoins suffer from. They will very quickly put in the impulse five waves and then take a very long time to complete the correction. So, I wouldn't be surprised if the correction drageed on for a day or so more.

Below shows the bigger picture of LTC/USD. The a,b,c,d,e bullish asending right triangle was breached decisively! I highly doubt that this will all fizzle away. It's a correction and a healthy one at that!

LTC/BTC is the laggard and once price starts impulsing, the 0.0403 target will be attained and still it'll be just the start of this bull run!

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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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
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LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf

Legal Mumbo Jumbo: 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.**

#money #cryptocurrency #blockchain #litecoin

6 years ago in #bitcoin by haejin (87)

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tokyoin (49) 6 years ago

Captain we have lift off...Daily LTC updates would make me feel special...

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2 votes

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ryan313 (57) 6 years ago

Bull run just starting!!

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1 vote

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tokyoin (49) 6 years ago

Excellent...it would be great if you could use the Coinbase chart too...at least for me:) Thanks Haejin, I tip my hat to you!

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2 votes

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usmanspall (30) 6 years ago

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Link= https://steemit.com/bitcoin/@usmanspall/how-to-double-your-bitcoins-in-20-days

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1 vote

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positivechange10 (51) 6 years ago

Great news @haejin!!

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1 vote

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minnowpond (62) 6 years ago

@royrodgers has voted on behalf of @minnowpond.
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