Thegreatomski

LTCUSD bullish projections

Thegreatomski Updated   
KRAKEN:LTCUSD   Litecoin
Those of you that keep in personal contact with me see me do TA on coins like LTC, EOS. I don't make these public usually for a few different reasons.
Today I give you guys a late LTC call. Plenty chance to hop in on a drawdown if you are looking for an entry. This is a V wave, but it can easily pass our V target. Be prepared for either scenario.
Comment:
LTC pierced the high probability targets like a spear
Comment:
Some of you are concerned about litecoin at the moment. For me to discuss what has been happening we must take a closer look.
Above, the change in price for the change in time of this rise was simply a bit too much. It snapped back and bounced beautifully on the t-k lines.
Above, the same can be seen. The hint of the retrace here was the fact that the base line did not rise with the t-line as the price extended itself. Note the price action in relation to the price targets.
Above, buy strength is found at the price target, which also acts as support/resistance. The price is flirting above bullish t-k lines meaning that it is fighting for upwards movement.
Above, the price is trying to bounce on the kumo and rise above the t-k lines. Based on a few factors I am quite certain that LTC will continue its run.
Above, I have identified a minor wave within the larger movement. We will check this wave to see what movement we can expect if the upper limit of this pattern is broken. In other words, what can we expect if LTC makes another all time high.
The targets for this movement are
V=207
N=206
E=245

With a possible rejection at NT=167, a double top.


TL;DR things are looking good, I think you should hold your coins, prepare for a double top. If no double top, prepare for >200 litecoin. Stay level-headed and safe and take a portion of your profits along the way.
Comment:
Unfortunately I was not right with my above thinking. However, LTC simply fell down to the N target for this trade's wave and is at a bit of a crossroads. What I am expecting is fluctuation in this area as it bounces off support and resistances before a continued rise.
Happy trading and as always, stay safe.
Comment:
Been away sick and working. But as you can see, we hit our E target for the subwave I have identified, and the larger wave's targets have been obliterated. Enjoy the gains.
Trade closed: target reached:
If my advice helped make you a little cash and you're feeling generous, donations are welcomed and appreciated. I like beer monies. I am very hungry as well, please feed me.
BTC: 363sDXLXkV7tm3pJmK2mLTDZjdTANbiA4A
ETH: 0x4c1aA87252e31C2552248b3561c9dBef7E21C7Fb
LTC: LeUKche2Mz51tNG4jmTj2LkufkNUd4DpFm

Thanks all and happy trading.
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