On this graph we use MacD 12 26 close 9 and Elliott Impulse wave 12345 with trendline and ellipse tools
We're now trying to reach the no. 5 target.
On coinmarketcap LTC volume went high from last month October 12, 2019 - 2,235,957,909 to 3,333,604,208 and the last month marketcap 3,599,137,699 to 3,905,317,178.
It was a big pump. On November 4-5 it went 4,725,921,529 volume and it was crazy!
On technical analyst Litecoin founder is a Chinese when President Xi Jinping announce a blockchain adoption in China. NEO and LTC are top of the eyes.
On last month the developers of Litecoin have been looking forward to the implementation of MimbleWimble. They're publish 2 new drafts Litecoin Improvements proposal for establishing privacy features.
This is the best to buy why? Check the Oct. 28 2017 this is the lowest price of this year for LTC and pump almost doubled.
We will see if Chinese will introduce LTC or NEO.
Good buy: if USD 58-60usd and for BTC price 0.006900 and 0.007000
Target sell wave 5 and above.
Always put stop loss to manage your risk.
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. The trader must be able to manage risk.
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Litecoin is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority. Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011