Crypto Contest October 24: LTO Network

LTO Network (Binance: LTOUSDT) 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, LTO began a red wave one advance on March 13. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on September 3 and the red wave two (blue sub-waves a-b-c) correction ended on September 23. If this wave count is correct, LTO should be heading next towards the September 3 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

LTO Network is a hybrid blockchain platform featuring Business-to-Business functionalities. You can read their latest bi-monthly recap here.

(Sources: https://ltonetwork.com/)

How Will LTO Trade?

LTO Network (Binance: LTOUSDT) daily chart by Tradingview.

(Chart courtesy of Tradingview.com (log scale))

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

Rules

This poll will expire in one week. Only one vote per person.

Which one will happen first?

Please select one of the three choices and comment below.

LTO will takeout the September 3 peak

LTO will drop below the May 12 low

LTO will stay in a trading range between the May 12 low and the September 3 peak until November 30