LTC Bottom Formation

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.

What you guys think of this?

This is just a guide, not a trading advise.

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Thanks

-Your Bullish Poop Trader

액티브 트레이드

Update

액티브 트레이드

Next buy opportunity is at wave 4/ BU/LPS

노트

Wave 3 reached. Wave 4 next.

노트

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.