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apeliquidation
Jun 18, 2019 12:51 PM

LTC - HALVING Long

Litecoin / BitcoinPoloniex

Description

My thoughts on HALVING event in Litecoin. Probably safe long if rebounds at the depicted fib level. Could be a nice short play just before event takes place.

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Probabilistic depiction in USD

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Take a look at this scenario that happened when VTC halved. Similar or in my eyes better project. #vertcoin was in euphoria right before the event, crazy predictions etc.. Event was priced in beforehand. Stay cautious of LTC. Could be similar.

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LTCBTC invalidated my elliot wave count so here is a recount. Unless we close under that dotted trend line a wave 4 to 5 is still in play. 4 must not close under the top of 1

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And here is USD chart. Stop under $95

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