Crypto Contest November 30: LTBcoin
LTBcoin has broken out of the wedge pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, I believe LTBcoin has completed one cycle from the June 23 low. The five wave advance ended on the September 14, and the three wave correction finished on the November 22. If this wave count is correct, LTBcoin should be heading next towards the September 14 peak.
(Chart courtesy of Tradingview.com)
In the weekly chart, LTBcoin is currently most likely in the wave three (sub-wave iii). The wave one started in January, and finished in March. The wave two correction ended on the June 23.
(Chart courtesy of Tradingview.com)
Disclosure: I am/we are long LTBcoin.
If you think this analysis is correct, upvote this post and upvote the comment "LTBcoin will takeout the October 17 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "LTBcoin will drop below the November 22 low".
You can upvote the comment until 3 PM EST December 1 and you can upvote only one comment. 100% of Steem (0.225 STEEM) from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
LTBcoin will drop below the November 22 low (7 voters as of 3 PM EST December 1: me-tarzan, bleujay, yefet, gregory-f, twinner, landofcrypto, jamesbrown).
You won.
LTBcoin will takeout the October 17 peak (8 voters as of 3 PM EST December 1: majes, anotherjoe, royalmacro, idnit, jdbry, digit, idnit1, freemit).
Thank you for the winnings @maarnio. All the best. Cheers.
Thank you for the continuing support bleujay.