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!
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.
Followed back.@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.
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!