SUMMARY
The below chart shows a potential Inverted H&S pattern being put in by Litecoin (LTC). The pattern can also fit as a rounded price formation or a Cup & Handle. It doesn't matter which pattern, the direction is the only thing to find as a TA. Currently, the blue waves show that 1,2,3 and 4 are probably complete and 5 would be next.
However, the lead alternate shows that the five waves could be placed (blue waves). This means that the RS will coincide with the abc correction (white arrow). The MACD is still bullish but just that much more closer to the apex.
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Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Tutorial on the use of Fibonacci & Elliott Waves
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Litecoin next target looking like $120
Regards. What about TRX new steps in the next weeks? Thanks
Tron will be bullish after this small correction before mainnet? www.luciannagy.com
Learnt something tho.. Thanks so much ☺
yeah me too
Happy you did ☺ 🤗
Reward me intensively.. 😀😀
🤗 🤗
I'm just looking to establish a position in the Steemit community, and would appreciate to find some people like me, so we can mutually support one another. subscribe @khaled4444
LTC=BTC*4.
xD
Thanks for the info I'm a heavy investor in litecoin. I've also hated charlie lee since the beginning and yelled at him so much he banned me on twitter. Pretty funny the stock jumped on news he was leaving, about time.
Well that is Twitter, steemit should be a different experience is suppose.
Coins mentioned in post:
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bernie your trash bot is flagging itself LOL