[LTC/BTC] Litecoin: A Slow...Slow Retracement
Litecoin. Oh my, what do we have to say about this.
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I'm doing this TA for my brother, other than that its been off my radar the last month or two.
That said, I'm not super bullish on LTC, as I've seen a lot of wash-trading and MM during its corrective stages.
As far as I know, LTC has not developed much so far in 2018 and doesn't have any big news about LTC coming soon.
In my opinion the project has sort of... dried up a bit, as other projects have been gaining headway on LTC as far as the problems that are trying to be solved.
Regardless of a long term "emotional sentiment" for LTC, I love my charts and there's almost no way that an asset goes through a triple elliot wave combo and doesn't come back strong .
As we can see we are about to complete this beautiful, boring as all hell correction and we do have some great opportunity for some decent gains in the next upcoming month.
I will finish by saying that if I am going to get more bullish on LTC, I want to see some harder work being put into the project, more innovation, evolution and planning for the future. I love my future proof platforms.
--If anyone has information about this, please comment or DM me! I'd love to hear from you <3
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Current Price
$158.61 USD (4.03%)
0.01648420 BTC (-0.26%)
--------------------------------------------------
Market Cap
$8,941,433,176 USD
929,258 BTC
--------------------------------------------------
Volume (24h)
$608,597,000 USD
63,250 BTC
--------------------------------------------------
Circulating Supply
56,372,638 LTC
--------------------------------------------------
Max Supply
84,000,000 LTC
--------------------------------------------------
CS/MS Percent
49%
Happy trading!
[[[]]]
I'm doing this TA for my brother, other than that its been off my radar the last month or two.
That said, I'm not super bullish on LTC, as I've seen a lot of wash-trading and MM during its corrective stages.
As far as I know, LTC has not developed much so far in 2018 and doesn't have any big news about LTC coming soon.
In my opinion the project has sort of... dried up a bit, as other projects have been gaining headway on LTC as far as the problems that are trying to be solved.
Regardless of a long term "emotional sentiment" for LTC, I love my charts and there's almost no way that an asset goes through a triple elliot wave combo and doesn't come back strong .
As we can see we are about to complete this beautiful, boring as all hell correction and we do have some great opportunity for some decent gains in the next upcoming month.
I will finish by saying that if I am going to get more bullish on LTC, I want to see some harder work being put into the project, more innovation, evolution and planning for the future. I love my future proof platforms.
--If anyone has information about this, please comment or DM me! I'd love to hear from you <3
--------------------------------------------------
Current Price
$158.61 USD (4.03%)
0.01648420 BTC (-0.26%)
--------------------------------------------------
Market Cap
$8,941,433,176 USD
929,258 BTC
--------------------------------------------------
Volume (24h)
$608,597,000 USD
63,250 BTC
--------------------------------------------------
Circulating Supply
56,372,638 LTC
--------------------------------------------------
Max Supply
84,000,000 LTC
--------------------------------------------------
CS/MS Percent
49%
Happy trading!