SUMMARY
Litecoin (LTC) seems to be displaying all the signs of a triangle consolidation. If you only and constantly stare at the chart using 1 hour or 15 minute time scale..you'll never see this pattern. I always start at the daily time scale to look for the big picture and that's when these patterns can be discerned. The chart below shows that waves c,d and e still remain incomplete. Time is needed.
The below chart is that of the LTC/BTC pair and as usual, it's lagging the LTC/USD. Still, forward discernment can be used to plot out a triangle pattern, given that the USD/BTC pair leads. As the chart shows, the b is just done and c,d,e remain unstarted.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**