As you can see in the chart, Litecoin is nearing the end of phase 4 of it's Elliot wave and will soon shoot up to phase 5, after which we will have a small correction(ABC) and then we shoot up straight from there as suggested by the fractal taken from it's Sep 2017 Breakout. I'll be Long at support($130-$139)
The fibonacci extentions are just to show correlation with entries and exits, as well as the horizontal trend support(s) and resistance(s).
The price target for this breakout will most likely be slated at about $1000-$1250(Phase 5 of the excluded portion of the Elliot wave). Sorry I can't show you the full chart otherwise it'd be clustered and I use a small screen. Anyways $540 will be where I plan to exit so I can at least show you that.
Also, the LTCBTC pair is nearing the end of it's falling wedge structure which would suggest a breakout is imminent.
Also big up @BTCINVESTING this trade idea was based solely on his Litecoin Halving analysis and is top tier imo.
Link to his chart is below.
The fibonacci extentions are just to show correlation with entries and exits, as well as the horizontal trend support(s) and resistance(s).
The price target for this breakout will most likely be slated at about $1000-$1250(Phase 5 of the excluded portion of the Elliot wave). Sorry I can't show you the full chart otherwise it'd be clustered and I use a small screen. Anyways $540 will be where I plan to exit so I can at least show you that.
Also, the LTCBTC pair is nearing the end of it's falling wedge structure which would suggest a breakout is imminent.
Also big up @BTCINVESTING this trade idea was based solely on his Litecoin Halving analysis and is top tier imo.
Link to his chart is below.
