Coneheads: EOS and Litecoin (LTC)

May 14, 2019 / by Bill Noble

By now, you may have read that we are riding the work of Jesse Livermore to crypto glory. Livermore was featured in a classic book “Reminiscences of Stock Operator.”  Livermore was a trader back in the early 1900s.

Livermore has a construct called the Livermore Speculative Chart. That work shows that an upward sloping cone formation proceeds a parabolic up move (Figure 1). We have adopted that work to find many big breakouts.

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One next step with Livermore’s work is to find coins that fit the construct better than others. It just so happens that we see the upward sloping cone fit too near perfection in two coins people have stopped talking about: EOS and Litecoin (LTC).

In EOS, there is a nice upward sloping cone (Figure 2). A lot of building has happened by EOS developers. Everybody was in love with this coin in 2018, and they got hurt bad. This makes EOS a prime candidate for people to pile back in. We literally think EOS could more or less double and head for $10.

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Litecoin (LTC) is perhaps the best example of a coin that personifies the Livermore work (Figure 3). The cone is very upward sloping on a two-day chart. Also, people seem to have given up on Litecoin (LTC). Yes, it led the rally, but people seem to be ignoring it now.

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Livermore’s work shows Litecoin (LTC) any potential next leg hasn’t even started. If it does start rallying again, Litecoin (LTC) could go to $250.

Bottom Line: These charts show the big move in the crypto world is just starting. You have not missed out. As Bitcoin (BTC) heads toward $10,000, we believe big coins like EOS and Litecoin (LTC) can make staggering moves to the upside.

The Crypto.IQ Trading Room is filling up with people who winning by catching each new move in each coin that catches bull market fever.

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