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    Home»Technical analysis»Litecoin – 2000% profit! Last chance to buy low.
    Technical analysis

    Litecoin – 2000% profit! Last chance to buy low.

    By TolbertiNovember 7, 2022No Comments
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    Litecoin on the weekly chart
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    • The bottom is probably not in for Litecoin yet, it looks like there will be a last wave to the downside!
    • 20x is a reasonable target to take profits because you want to be greedy. It’s been almost 5 years of sideways price action.
    • If you like Gandalf or Litecoin, then hit the like button right now!
    • As you can see on the chart, there is a running flat pattern, which is an Elliott Wave corrective pattern that may occur after a strong impulse wave. This pattern has been completed after almost 5 years.
    • If you didn’t know that, Litecoin was the first altcoin, which can be mentioned in the Guinness World Records book. This is pretty impressive, isn’t it?
    • Let me know in the comment section if you want to buy Litecoin or if you already hold litecoin. I look forward to your comments!
    • If we take a look at the MACD indicator, we can spot a bullish histogram on the weekly chart, and we can also see 3 peaks, which indicates a diagonal wave.
    • Litecoin experienced a massive bull run in 2015–2017. Another bull run is, of course, very likely in my opinion, and it can be very soon.
    • Litecoin was released via an open-source client on GitHub on Oct. 7, 2011.
    • The cryptocurrency was created based on the Bitcoin ( BTC ) protocol, but it differs in terms of the hashing algorithm used, hard cap, block transaction times and a few other factors.
    • https://www.tradingview.com/chart/LTCUSDT/z9Gs7e1e-Litecoin-2000-profit-Last-chance-to-buy-low/
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    Professional trader and analyst. My specialization is in Elliott Wave Theory, Fibonacci tools, chart patterns, candlesticks, and price action. To analyze market structure, I use market profile and volume profile in my trading system. To analyze trends, I use trendlines, VWAP, and simple moving averages.

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