Litecoin (Kraken: LTCUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Litecoin began a wave one advance in December 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in June this year, and the red wave two (blue sub-waves a-b-c) correction ended in October. If this wave count is correct, Litecoin should be heading next towards the June peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Looking at the monthly chart, I believe Litecoin is currently in the red wave three. The red wave three began in December 2018.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Litecoin is a cryptocurrency for payments. You can watch their summit from one week ago below.
(Sources: https://litecoin.org/)How Will Litecoin Trade?
Litecoin (Kraken: LTCUSD) daily chart by Tradingview.
(Chart courtesy of Tradingview.com (log scale))
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