Hi friends! Welcome to my Litecoin technical analysis
We have recently seen a bullish tiny inverted head and shoulder formation on ltc that once will completed will allow price action to cross a long term trend resistance (green) line. This move if it happens will result to a breakout of yet another bullish formation which is the bump and run with a wide bump which could be completed in a 5 wave formation. With this development I am positive litecoin could double in a short span of time.
Has more room to go down to reach wave 4. Currently showing hidden bearish divergence both in 4H and 1H chart. Price is also sitting at the upperband which cnfirms an imminent move downwards.
@Anoinvest, Thanks for the kind words mate. I appreciate it.
Cryptonite_trader
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Nice! This is what im currently seeing
jbutler7
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Looks spot on to me. Nice.
Why are you poop trader though? Trying to play off of Magic Poop Cannon? Why not be more original?
PoopTrader
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@jbutler7, MPC is a legend but he is not original either, there are around 50 poop in this space and many have gone before him. MPC has his brand of TA, I am different. Check his TA on LTC, he had been bearish many times when I was bullish. He is MPC, I am pooptrader.
PoopTrader
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@jbutler7, There are more than 50 poop handle in tradingview and ther are 14 JBUTLER in TV, are you trying to be like them too?