Litecoin / TetherMis à jour Litecoin is heading to $160
Hello!
I hope you all have been surviving well during this Bitcoin 6.92% pullback. Not to fret, that should be wrapping up soon and we should be on our way to a nice little bull run!
In regards to Litecoin, it appears we have a different story unfolding here. Litecoin has completed a 1-2-3-4-5 wave up, and is now finishing up the B wave of an A-B-C correction. As a matter of fact, it appears Litecoin has already begun the C wave leg down.
When Litecoin performs these pull backs, you can go through the history of the charts and see that it's favorite place to pull back to in a B wave is 70.2% of the A wave. Which we have achieved. So, onward to $160!
Good luck!
As always: Trade with education. And, trade at your own risk. Your failures are not my responsibility :)
-SecludedJ
I hope you all have been surviving well during this Bitcoin 6.92% pullback. Not to fret, that should be wrapping up soon and we should be on our way to a nice little bull run!
In regards to Litecoin, it appears we have a different story unfolding here. Litecoin has completed a 1-2-3-4-5 wave up, and is now finishing up the B wave of an A-B-C correction. As a matter of fact, it appears Litecoin has already begun the C wave leg down.
When Litecoin performs these pull backs, you can go through the history of the charts and see that it's favorite place to pull back to in a B wave is 70.2% of the A wave. Which we have achieved. So, onward to $160!
Good luck!
As always: Trade with education. And, trade at your own risk. Your failures are not my responsibility :)
-SecludedJ
Note
Two things:1. I don't know why it has the "Bitcoin 6.92%" in there, it shouldn't have the 6.92%.
2. This trade still seems valid. And the sentiment in TradingView for Litecoin is "Strong Buy" according to the trading view sentiment gauge thing. There are 16 "buys", 8 "neutrals" and 1 "Sell". Wow!
I can see that there is very little agreement with this view I have, which shows there is strong sentiment to hodl with Litecoin. However, that doesn't really matter to big investors. Always remember, 90% of the market is owned by 10% of the investors. Compile the remaining 90% of the people in the market and they only make up 10% of the money in the market. Sometimes you opinion and love for a specific coin does not matter when it comes to the price of it.
But this chart clearly says it's going down to me.
I strongly believe Litecoin will complete a retracement to $300. However, I'm not seeing that happening right now without visiting $160 first, then we can determine when that will happen.
Note
We just hit $166, we are getting close to target. Looking for big bounce at $158-161.Note
Target hit, perfectly. Up we go! This is the last update for this idea.Trade fermée: cible de profit atteinte
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.