abh- if you look at my posts, you'll see my last Litecoin update. My ideal wave iv is $16 with $12 being the bull market bottom line and if that holds the calculations yield a target in the $60's. That said, the 1H bar structure is going non standard, non impulse that is usually required in a final c wave. So, we either bottomed in a shallow correction, or we have an ending diagonal, an elliot wave pattern that will hit the target but drag due to a bull bear battle (and the bulls win after taking a hit). But I need to see more structure to be sure. I'll post if I'm convinced the bulls are gonna pull this upward pre-maturally.
Would you mind taking a look at Litecoin? I feel it's had a quite few weeks in comparison to others?
abh- if you look at my posts, you'll see my last Litecoin update. My ideal wave iv is $16 with $12 being the bull market bottom line and if that holds the calculations yield a target in the $60's. That said, the 1H bar structure is going non standard, non impulse that is usually required in a final c wave. So, we either bottomed in a shallow correction, or we have an ending diagonal, an elliot wave pattern that will hit the target but drag due to a bull bear battle (and the bulls win after taking a hit). But I need to see more structure to be sure. I'll post if I'm convinced the bulls are gonna pull this upward pre-maturally.
Great i'll have a look, happy holding LTC and Steem for longer term but would be nice to catch some peaks and troughs too.