LTC Price Action

This is not financial advice.

TD and Bollinger band indicators both starting to call local top, price movement so far has set this up to be a solid Elliot wave trend where we have seen majority of the price growth on wave #3 which confirms the pattern. Given the bullish activity in the market I doubt we will see a steep correction and I believe that at most we will see a 38% retracement in wave #4 (38% = bullish continuation) a PT of ~$500 seem reasonable then.