Based on the new information provided by the market, Litecoin now appears to be in a symmetrical pattern. This is due to the fact that there are 9 adjacent corrective patterns that are similar in time and different in price, wave-(i) is also a symmetrical pattern itself, which is why this pattern seemed to drag on forever. However, now that it is complete we are very likely to begin a major advance towards at least 130, and potentially as high as 200. After this next bullish wave completes, we should finish a triple combination, which is likely wave-e of a much larger expanding triangle. This means that we should see a very large retracement after this next bullish wave is complete. This retracement will likely be of the time and size of the retracement we saw during 2014, and will likely be followed by many other cryptos. Based on the timing it seems that 2018 will likely be a very bad year to be long, but the rest of this year still looks good. More information about the long-term picture can be found on my website below.
Interesting that you have predicted this on in relatively short timespan (a week ago).
Johnnysharp
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Hi Intuit - Wish I'd bookmarked this chart for reference to get out of crypto in December!
Anyways, are you willing to share any update as of now?
Also - where we stand, in your opinion, on the crypto/ltc correction? I'm having a hard time visualizing what you mean by "should finish a triple combination, which is likely wave-e of a much larger expanding triangle", and whether this means there is any corrective upside in Q2 for crypto, or better to stay out.
CoinDreamer
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LTC will be above 200usd at the end of 2018.
ltc-joe
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hmmm very interesting, I seem to have the complete opposite view for 2018 : ) Should be interesting to see how it plays out.