Litecoin - $400-$470 for 80%-100% Wave 5 Target when Consolidation finishes

in #bitcoin7 years ago (edited)

Good morning,

LTC has had an amazing 2017. We've seen tremendous growth and combined with large profits all across the board.

We are currently in symmetric triangle consolidation with huge potential to break up when done, hitting targets
$400 - $471, using fib 0.786 and 1.0 extensions of wave 3.

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Please always remember we trade using probability and not all trades are winners. We manage our risk with stop losses and try to win over time. Those that don't understand this, and expect only to having winning trades, will always lose money over time.

The ultimate goal is to help the crypto community because I think there's a lack of these type of videos. I want to share everything I've learned because knowledge is only power if passed on. These are educational videos intended to teach how to think through thought-out rationalization.

DISCLAIMER:

I'm not a financial adviser, nor am I giving you any tips on when to buy, sell, etc. I'm simply stating my opinions and what I personally look for. Those that follow my trades blindly and don't understand risk management, will always lose over time. I manage risk differently. Not all trades are winners. We manage our risk with stop losses and win over time. Even if we've entered at a similar price, I can micro manage my risk, by shedding, adding, reducing, etc, but those calls aren't made. Therefore despite entering near the same price, I may come out well ahead while you may take a loss, even if we exit at the same price when the market goes against my call. Remember, I always profit OVER TIME, and am not focused on winning every single trade. As long as we win more than we lose over time. I want to be very clear so you understand the outcomes will always be different even if we take the same trade. I MANAGE RISK and see this game as a probability. Therefore, be forewarned.

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Awesome post as usual. Really interested in LTC moving up. Whatever the trigger is for LTC to move to your price prediction it would surely be interesting.

I'll hodl LTC forever, LTC > ALL !!!

Excelente Análisis. Thank

A fine analysis of Litecoin, fellow predictor!

Great technical analysis. Ive always believed that technical analysis works when the fundamentals are there. Litecoin has strong fundamentals, with transactions, lower fees than bitcoin, and strong base of adopters.

Followed you man saw the video on youtube
I've also started to really get into steem again xD keep the videos up!

Can you take a look at WABI and SUB? Haven't seen too many traders covering it. Big potential with both

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