Looks like LTC is recovering nicely from a WATERFALL movement, last night...(12-21-2017) phew! Almost back up to $300 price range, things are gearing up again for a POP to the UP Side! (Finally)! Buying in on LTC at prices below $260 was difficult due to excessive trade volumes bottlenecking the Crypto-Exchanges. For example many already know that "CoinBase," was overwhelmed with trading that it temporarily halted trading?!?! That tells us that if these bottleneck issue can/could be resolved then the prices more most Cryptos would already have reached well beyond what most would consider "reasonable,"i.e. the MOON?! Cross your fingers and Make a Christmas Wish!!! LTC all the WAY!!! ; )
Komen
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Update, this Chart for LTC may be setting up for a "Classic A,B,C Retracement"? If you wish to see what I am talking about...just google/search..."Elliot Wave," ABC Retracement...then select "Images". You should get an idea of what we may see forming up, as we leave once "Market Structure," and begin to enter a "NEW Market Structure," where we should see Higher Highs, and Lower Highs than the previous Market Structure we are leaving. ; )
Watch the Link below: "Hidden Secrets of Money," presented by Mike Maloney. The BEST produced Series explain What Money is, the History of Money!!! (Rich Dad, Poor Dad) Robert Kiyosaki fame.
youtube.com/playlist?list=PLE88E9ICdipidHkTehs1VbFzgwrq1jkUJ
Sorry i'm an amateur, I googled Elliot Wave ABC retracement and got a few different images, some appear to ascend and others descending - unsure how to tell which you are refering to. thanks
iknoxred2012
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@grahf4441, YES, you should see a pyramid pattern with 5 Movements going up then down, then up and down again. After point 5 the "top" of they Pyramid, you will see a retracement back down represented by points A, B, C. Click the links above this post and you can see what I am talking about. Also don't just look at the 1hour, 4hour Charts; be sure to look at the Monthly Charts, and you will see that these patterns can be plotted rather easily. Since the Crypto-Markets are largely in-regulated by futures Markets (the Casino, Bankers) there is little chance that the house/Casino can always win. Therefore, the Crypto-Markets are truly a "FREE MARKET," minus manipulations that often show up in the FOREX Market, DOW, NASDAQ, etc...and the Dollar is actually dying; losing its purchasing power, which is why smart money is getting into the Crypto-Space. Compare your Crytpo Coins/Tokens to US Dollars and you can CLEARLY see the measure of HYPER INFLATION occurring; because Crypto-Market-Space is not regulated by the CASINO/BANKS.
Anyway, click the links below and you will see why people are CRAZY about CYRPTOS!!! Merry Christmas!
youtube.com/playlist?list=PLE88E9ICdipidHkTehs1VbFzgwrq1jkUJ