The pattern forming in the 4H chart for LTC bears strong resemblance to a Bullish Gartley pattern. While this is a buy signal upon pattern completion, another 30% drop in LTC price is required to reach the potential reversal zone. At least for the short-to-mid term, LTC remains bearish.
Potential Reversal Zone: .0064-.0071
Potential Reversal Zone: .0064-.0071