Litecoin has broken out of the triangle pattern in the four-hour chart.
(Chart courtesy of Tradingview.com)
In Elliott Wave terms, Litecoin began a wave one advance on June 10. The wave one (sub-waves i-v) finished on June 19, and the wave two (sub-waves abc) ended on June 26. If this wave count is correct, Litecoin should be heading next towards the June 19 peak in the wave three.
(Chart courtesy of Tradingview.com)
Looking at the weekly chart, I believe Litecoin is currently in the wave three (sub-wave iii).
(Chart courtesy of Tradingview.com)
If you think this analysis is correct, upvote this post and upvote the comment "Litecoin will takeout the June 19 peak".
If you think this analysis is wrong, upvote this post and upvote the comment "Litecoin will drop below the June 10 low".
If you think Litecoin is in a range, upvote this post and upvote the comment "Litecoin will stay in a trading range between the June 10 low and the June 19 peak until August 2".
You can upvote the comment until 3 PM EST July 3 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first). Only participants with a Reputation of 35 or more will qualify in the contest.