LTC is surging and we ain't seen nothing yet
If you think this LTC jump from 35$ to 350$ in three months was crazy, have a look at this picture.
LTC is showing early signs of a huge extension. The best thing is, that the BTC pair (LTC/BTC) is not lagging much behind!
In most cryptocurrencies the BTC pair is still lagging behind a lot. Not so in LTC.
If this count is right, LTC will hit 2000+$ in 2018.
But also pay attention to how this move started...
LTC was in a really bad spot after the SHS pattern was triggered and bearishly retested. But after the new low, it stabilized quickly and started this explosive surge, denying and destroying all bearish patterns created in the recent past...
Such reversals are usually the most explosive types of impulses... so I see a great future for LTC.
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If you think this to be useful information:
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
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DISCLAIMER: I provide trading ideas using EW and Pattern analysis. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas are. The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions.
If you make any trades or investments after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...
Have a nice day :-)
LTC is so much better than BTC. I would love to see LTC hit the $1000 mark. Nice charting.
Lets do this... 8)
Thanks for your informative post. This is a very nice outlook to 2018 and I wish to all LTC holders it might become true. — To the SHS-formation: normally the right S has to be higher than the left S to become a real SHS-pattern. Maybe therefore it failed...
Upvoted and resteemed!
Charlie Lee sees a great future for LTC too.
Thanks for your EW analysis....it is always nice to know what the charts are saying.
I am glad I hold LTC....$2000 is a nice target.
Thanks for this post.. i thought its to late now to invest but i will rethink that
Thats called a double bottom, usually you should be buying this! $LTC
usefull post thank you my friend. have a nice day
Many great wishes to post an essential