All the technical analysis that I post here is just for fun. I am practicing my Elliot Waves. This is for my own training purposes, but I do want to share these to maybe inspire others to learn about technical analysis.
For a seasoned technical analyst, I recommend following Mr. Haejin Lee @Haejin.
This is my count for LiteCoin LTC.
I have a 5 wave impulse inside another. I think that the larger impulse may go up for a 5 around $275. Then, having completed a larger 1 wave, I expect to see the typical correction between the 36% and the 50%.
As you can see, I drew some lines at the blue 2 and the yellow 4. These are the common triangles we see in crypto.
I also put a pitchfork on there to show that my current count is technically sound at the moment and algorhythms are trading to this Schiff setting.
If this count goes through, and we get a wave 5, depending on where it ends up, I would be waiting for the dip into the box that sits between the 36% and the 50%.
This is not financial advice. This is only my technical analysis practice. I do encourage feedback. Thanks.
