LTC: Showing Strength with Anticipation of LitePay

Observations:

• Appears we have broken past 218 which means we have are likely in the midst of a 5 wave impulse.
  
• Based on 1:1 fib extension and resistance areas, the top may potentially be 250-255 range.
  
• Assuming that the top will be 250-255 range, we would have the ABC correction to bottom out at around 200-217 range.
  
• Watch for a bounce or break down while monitoring volume at the 0.5, 0.618 and 0.65 fib levels for potential entry points.
  
• Alternatively, if wave 4 breaks below 218 then this impulse wave is considered a failure. Perhaps the "Wave 1-3" shown is actually the end of the B wave of the larger ABC correction that was still in play?
  

Disclaimer
For informational purposes only and not deemed as financial advice