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Crypto Contest November 5: Litecoin

Asked by maarnio Promote - View in Steemit - Audit

Litecoin (Kraken: LTCUSD) has broken out of the triangle pattern in the daily chart. nimet-n.png (Chart courtesy of (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Litecoin began a wave one advance in December 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in June this year, and the red wave two (blue sub-waves a-b-c) correction ended in October. If this wave count is correct, Litecoin should be heading next towards the June peak in the red wave three. nimet-n2.png (Chart courtesy of (log scale))

Looking at the monthly chart, I believe Litecoin is currently in the red wave three. The red wave three began in December 2018. nimet-n3.png (Chart courtesy of (log scale))


Litecoin is a cryptocurrency for payments. You can watch their summit from one week ago below.


How Will Litecoin Trade?

Litecoin (Kraken: LTCUSD) daily chart by Tradingview. nimet-n4.png (Chart courtesy of (log scale))


I will be giving upvotes to the correct answers with minimum reputation of 25.


This poll will expire in one week. Only one vote per person.

Which one will happen first?

Please select one of the three choices.

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Litecoin will takeout the September peak (38.33%) 23 / 60
38.33% Complete (success)
Litecoin will stay in a trading range between the October low and the September peak until December 11 (36.67%) 22 / 60
36.67% Complete (success)
Litecoin will drop below the October low (25.0%) 15 / 60
25.0% Complete (success)

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