It seems like the right path for LTC is up to 300 since my last posting.
If this chart is correct, we have an incoming 5th wave.
LTC like many alts are impacted by BTC.
BTC seems to be in a consolidation channel if it hugs the 9.7-10.8 areas.
If that is the case, it's good news for ALTs to go on a run.
Some ALTs are already thinking about doing this.
If BTC drops below 9.6, it's back to bear.
This corrective C's and end of wave (4) has a couple of paths:
- .5 retrace of BLUE wave (3) which happens about 60% of the time (at $198).
- .68 retrace of BLUE wave (3) which happens about 15% off the time (at $184).
Targets at $268, $298, $347.
Ladder your buys. Never try to catch the knife.
Happy profits!
If this chart is correct, we have an incoming 5th wave.
LTC like many alts are impacted by BTC.
BTC seems to be in a consolidation channel if it hugs the 9.7-10.8 areas.
If that is the case, it's good news for ALTs to go on a run.
Some ALTs are already thinking about doing this.
If BTC drops below 9.6, it's back to bear.
This corrective C's and end of wave (4) has a couple of paths:
- .5 retrace of BLUE wave (3) which happens about 60% of the time (at $198).
- .68 retrace of BLUE wave (3) which happens about 15% off the time (at $184).
Targets at $268, $298, $347.
Ladder your buys. Never try to catch the knife.
Happy profits!
