Elliot Waves are a beautiful thing. All day today LTC was uncertain until the ceilings broke and the support level stuck. For this reason I have concluded LTC is bull market still. After the test of 70 LTC and the support of 62.5 from a boost from 50 LTC a few days ago. Its already visible that we are bulling hard. Price action is going to increase.
Elliot Wave has 5 points.
We are at Wave 3 on the last bump.
Zooming out you can clearly see a Pennant in formation which means that we are in the middle of the wave.
Wave 4 is going to be the next dip in several hours and then going up from there. How far is a mystery. What is certain is, you can buy these dips if you missed the last one. Trade carefully.
Wave 5 could be tomorrow and it could come just as fast as 70 came from 58. Lets ride. Long I am seeing LTC at 100 in a few weeks. This is a total bull market so if you want to hop on the train your ticket is waiting.
Elliot Wave has 5 points.
We are at Wave 3 on the last bump.
Zooming out you can clearly see a Pennant in formation which means that we are in the middle of the wave.
Wave 4 is going to be the next dip in several hours and then going up from there. How far is a mystery. What is certain is, you can buy these dips if you missed the last one. Trade carefully.
Wave 5 could be tomorrow and it could come just as fast as 70 came from 58. Lets ride. Long I am seeing LTC at 100 in a few weeks. This is a total bull market so if you want to hop on the train your ticket is waiting.
Order cancelled:
News from two cryptos caused people to sell LTC a bit. This will delay the bullrun some. If you're holding, you can hold. If you want to sell, sell. Really horrible when news comes out of nowhere like that. Goodnight.
Trade active:
LTC is holding onto the floor nicely and increasing by the 4hr marks. This is a good sign. Ascending Triangle points to bullish pattern still. if you bought at 63-64 you're good.