sifeij
Long

LTCUSD Daily chart - longterm target 138

COINBASE:LTCUSD   Litecoin / U.S. Dollar
In an ideal world of TA, the chart is simply showing the wave 5 target accompanied by Fibonacci level, and LTC eyeing 138 ATH .
I have this vision due to the current market is as bullish as it was in May (almost, still some of the altcoins are lagging behind as of now).
Usually, LTC is the "calm" coin which does not move much, but when it moves, it makes us jaw-dropping move.

If before LTC reach there, BTC makes a huge move, it might be another story. I suppose a lot of people will jump back into BTC for that matter. As you know, there are a lot of "if"s in the market. But this is just my positive view for a possibility. :)
Comment: Target is reached, but I have a feeling it will go higher. Taking profit as you wish.
you really need work on your elliot wave :D
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Thanks for the TA!
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Hi, what do the 'A,B,C' point in your chart correlate with?
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sifeij missmagui
@missmagui, ABC is correction Elliot wave on a bull market normally.
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@sifeij, Gotcha you! Thanks for your ideas on this!
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sifeij missmagui
@missmagui, you are welcome.
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