Hello everyone,
Since my last analysis about LTC, scenario 2 has pushed through. It went down, but not so far as someone might thought of, including me. When looking now at the chart, it looks not bad at all to me. It is not that unlikely, that we have seen the end of the corrective wave 2 (purple in square brackets) at 47.22 already.
Maybe LTC has already built the next 1-2 wave-setup to start finally to new highs. I think there’s a good chance that this is right (chance 75%). It’s up to the next levels to get through and the structure of the next movements. Good signals would be 65$, 69$ and 70$. I think LTC is good to go now.
BUT: be careful, because there’s another possibility with a 25% chance. Maybe LTC is still in corrective-mode, so it could easily fall down under 40$. If so, we should keep in mind, that the level between 25$/17$ then is likely!
Take care,
tgo
Since my last analysis about LTC, scenario 2 has pushed through. It went down, but not so far as someone might thought of, including me. When looking now at the chart, it looks not bad at all to me. It is not that unlikely, that we have seen the end of the corrective wave 2 (purple in square brackets) at 47.22 already.
Maybe LTC has already built the next 1-2 wave-setup to start finally to new highs. I think there’s a good chance that this is right (chance 75%). It’s up to the next levels to get through and the structure of the next movements. Good signals would be 65$, 69$ and 70$. I think LTC is good to go now.
BUT: be careful, because there’s another possibility with a 25% chance. Maybe LTC is still in corrective-mode, so it could easily fall down under 40$. If so, we should keep in mind, that the level between 25$/17$ then is likely!
Take care,
tgo
Comment:
If LTC is breaking through $31.21, it is maybe a first indication for a Low at $22.54. Let's see...
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