Crypto Contest July 2: Litecoin
Litecoin has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Litecoin began a wave one advance on June 10. The wave one (sub-waves i-v) finished on June 19, and the wave two (sub-waves abc) ended on June 26. If this wave count is correct, Litecoin should be heading next towards the June 19 peak in the wave three.
(Chart courtesy of Tradingview.com)
Looking at the weekly chart, I believe Litecoin is currently in the wave three (sub-wave iii).
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Litecoin will takeout the June 19 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Litecoin will drop below the June 10 low".
If you think Litecoin is in a range, upvote this post and upvote the comment "Litecoin will stay in a trading range between the June 10 low and the June 19 peak until August 2".
You can upvote the comment until 3 PM EST July 3 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first). Only participants with a Reputation of 35 or more will qualify in the contest.
Litecoin will takeout the June 19 peak (24 voters as of 3 PM EST July 3: bleujay, yefet, gregory-f, otisbrown, simonjay, dangis, dirty.hera, daniel.dalo, lydon.sipe, themovieplace, starline, migo25, mirda, poppy.poppers, eusebio, jznsamuel, pinagpala, mprgrmmr, me-do, carlosdaniel, spassvogel, sevinwilson, psilacetin, eirik).
Go $LTC!
You won.
Litecoin will stay in a trading range between the June 10 low and the June 19 peak until August 2 (12 voters as of 3 PM EST July 3: me-tarzan, twinner, tuvokhl, timoshey, acid78, stay9n0, damla, ragnaros, andy23, imvictus, iamblake, lig007).
Litecoin will drop below the June 10 low (6 voters as of 3 PM EST July 3: cryptocrusaders, razorwave8, improv, junoooo, coolthings, miniature-tiger).
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nice analysis, very helpful
Thank you Blake.
Litecoin will takeout the June 19 peak.
Yes, definitely, that is my final answer.
Go！
It went.
Any thoughts on the following view of LTC price increase?
https://steemit.com/litecoin/@davebrewer/s1e3-of-nypn-bitcoin-and-litecoin-price-increases-explained-by-rising-tensions-between-the-us-and-north-korea
I am not going to shoot that idea down.
Interesting analysis. But you never know. This is simply trying to ascertains odds of something happening without even looking at the tech itself and the possible release of tech according to roadmaps. Not even looking at broader industry movement.
I will just leave this for you: https://steemit.com/meme/@valderrama/funny-meme-happy-speculating-fellow-steemians
https://steemit.com/cryptocurrency/@maarnio/crypto-contest-status-report-vi
That is true. You can find my track record from the link above:
Interesting figures. The analysis turned out positive most of the time. Makes it good for short traders to follow.
Luckily for all short traders that the cryptospace is so immature and because of that it has incredible volatility. In a few years time analysis like this will most likely have a different outcome. I expect more turnouts to be in the same range.
You are right. Here are the results for April:
https://steemit.com/cryptocurrency/@maarnio/crypto-contest-status-report-v
And I agree with you that in few years time I probably need to find some new markets to follow.
I also think you are right that we will get more range options being correct going forward.
Great job with the contests, just a small token :)
I'm the winner of the "I'm not going to upvote you 🐋 Do it yourself! #9 Contest"
Just gave a whale vote courtesy @htooms's for your efforts (Check out his blog)! thanks and keep up the great work @jznsamuel!
Thank you JZN!
An even better result in April. The numbers don't lie!
"Litecoin will drop below the June 10 low".