I'm a Technical Analyst using Elliott Waves and Chart Pattern Recognition. I see LTC at $174
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I'm a Technical Analyst using Elliott Waves and Chart Pattern Recognition. I see LTC at $174
Upvoted & Following!
@haejin interesting observation. Speaking from a speculative standpoint, how long would you say until you see it hitting $174? With such a surge in the price, I would also imagine this has direct positive impact on the price of Bitcoin at the same time.
I'm not en expert when analysing these graphs, however my one concern is that despite its' peak at $90, it appears to be hovering around $60 so I would personally take a more conservative approach and say that $100 is a more realistic estimation. Once it firmly breaks $100 I would then take another look at it again to see it reaching your target.
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Timing is most difficult. However, cryptos have a syndrome called "Hurry Up & Wait". This means they waste no time going up but are slow as molasses in their corrections.
The &174 target could be quick as LTC will "Hurry" to complete it.
For Bitcoin, you'll enjoy my evening update:
https://steemit.com/bitcoin/@haejin/bitcoin-btc-evening-update-bitcoin-usd15-000-i-explain-the-analysis-behind-this-potential-target-check-out-this-blog
I checked it out, your analysis is very good. Left comment and upvote!