LITECOIN (LTC) Update: Tracking my forecast
The original arrow to which prices are tracking closely. Also, I've labeled the sub waves of c (red) as i,ii,iii with iv about done and v to go. Once v is done, abc would be finished and a trend change up could be possible. Prepare your entry ladders.
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BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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I believe we won't see $5k until Wave IV bottoms first at around $2,000 to $2,600. Then Wave V will take it to $7,000 or higher.
i dont understand this, So youre saying you dont think BTC will hit $5K until it drops to 2k - 2.6k??
is it really likely that BTC will drop that low?
That is my projection. Is it possible for BTC to first hit $5k and so rise from current levels and put in a new all time high? Yes, there is a count for that but not my primary. This chart is my rationale:
thanks for making this
Wat u think of this analysis
https://www.tradingview.com/chart/LTCUSDT/y120DGYw-Litecoin-Entry-Level/
Thanks
Hi samiam22,
Yes, RSI could be oversold, but in an accelerating declining market, oversold conditions become more oversold and selling and decline accelerate to deeper and lower levels. That's why I label my EW like this: