Is Litecoin ready for dooms day?
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I know a lot of people want crypto to pump to new ATH and in my opinion it will, but not just yet. On this chart I will show you what I believe has been going on and what I believe is about to happen. Now, I want all of you to know that these are my opinion, and like everyone else in the trading community I am just trying to make an educated guess and this prediction could very well not go as depicted in this post. Anyway, let’s dive in and try to make sense out of this mess.
On February 20th Litecoin made a run up to around $252, this run mark the beginning of the end. Since then Litecoin has been headed down like a rocket without fuel. But never the less it has been leaving bread crumbs letting everyone know what its real intentions are. I am going to be honest, I that time I did not see this coming. Yes I knew we were in a down trend, but I never thought that we were going to reach the levels we have enter and never in a million years did it cross my mind we were going to see $20, even though Charlie Lee did say Litecoin could potentially be touching those prices. Here we are on August 17, 2018 and Litecoin seems to be heading right where Charlie had pointed at.
I believe February 20th was the beginning of a final 5 wave correction that will bring Litecoin into the $16 - $20 levels Charlie Lee had warned us about. As you can see in this chart Litecoin completed wave (1) on April 1st when it touched around $109 and then started Wave (2) which lasted until May 6th and touch around $184 levels. At this time we started this crazy long wave (3) and what is more crazy is that we are still are in. From the looks of it we are about to start our final drop of this HUGE 3rd wave which will put us right around the $33 - $37 levels. From my analysis of this chart, it seems we might be touching those levels within the next week or so.
This will put us around 30 days from the SEC letting us know if the ETF for Bitcoin is going to get approved, denied or postponed again. I feel we will start wave (4) which will last about 30 days at which point we will get news from SEC that denied the ETF or postponed it again. Either way, I believe this is what’s going to kick start the final wave (5) which will bring Litecoin to its knees and down to the levels Charlie Lee had predicted.
It seems that at that moment is when the Crypto Bull run will start and we soon after see new ATH. I know some of you don’t want to hear this and a lot of you will curse me out for even thinking this can happen. But all I have to say is…. It’s a possibility.
Remember that this is just my opinion and you should make your own research before investing into anything. Never invest money you can’t afford to lose.
Best of luck to all
On February 20th Litecoin made a run up to around $252, this run mark the beginning of the end. Since then Litecoin has been headed down like a rocket without fuel. But never the less it has been leaving bread crumbs letting everyone know what its real intentions are. I am going to be honest, I that time I did not see this coming. Yes I knew we were in a down trend, but I never thought that we were going to reach the levels we have enter and never in a million years did it cross my mind we were going to see $20, even though Charlie Lee did say Litecoin could potentially be touching those prices. Here we are on August 17, 2018 and Litecoin seems to be heading right where Charlie had pointed at.
I believe February 20th was the beginning of a final 5 wave correction that will bring Litecoin into the $16 - $20 levels Charlie Lee had warned us about. As you can see in this chart Litecoin completed wave (1) on April 1st when it touched around $109 and then started Wave (2) which lasted until May 6th and touch around $184 levels. At this time we started this crazy long wave (3) and what is more crazy is that we are still are in. From the looks of it we are about to start our final drop of this HUGE 3rd wave which will put us right around the $33 - $37 levels. From my analysis of this chart, it seems we might be touching those levels within the next week or so.
This will put us around 30 days from the SEC letting us know if the ETF for Bitcoin is going to get approved, denied or postponed again. I feel we will start wave (4) which will last about 30 days at which point we will get news from SEC that denied the ETF or postponed it again. Either way, I believe this is what’s going to kick start the final wave (5) which will bring Litecoin to its knees and down to the levels Charlie Lee had predicted.
It seems that at that moment is when the Crypto Bull run will start and we soon after see new ATH. I know some of you don’t want to hear this and a lot of you will curse me out for even thinking this can happen. But all I have to say is…. It’s a possibility.
Remember that this is just my opinion and you should make your own research before investing into anything. Never invest money you can’t afford to lose.
Best of luck to all
Nota
Something like this is happeningNota
seems like we are still on track for that drop down to the $30's
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