Seeing Irregular/Expanded Flat fractals in the corrective structures of LTC.
The top of the 1st wave is roughly $106, so the 5th of the C of this macro A shouldn't exceed that low. IMO LTC is nearing a bottom. Look at the %b for confirmation here. It is interesting that a very large Irregular Top B could arise here, especially in light of the massive correction I think is incoming for BTC. It may end up amplifying the 5th of this C, and cause it to bottom near $106. Overall though, this corrective structure is exceedingly long, and I think will last until June at least.
The top of the 1st wave is roughly $106, so the 5th of the C of this macro A shouldn't exceed that low. IMO LTC is nearing a bottom. Look at the %b for confirmation here. It is interesting that a very large Irregular Top B could arise here, especially in light of the massive correction I think is incoming for BTC. It may end up amplifying the 5th of this C, and cause it to bottom near $106. Overall though, this corrective structure is exceedingly long, and I think will last until June at least.
Nota
It's possible we see something like this over the next few months:Nota
Looks to be reaching the bottom of the 5th. Hit mighty close to that $98 level, and briefly broke the bottom of the CC. I would expect LTC to start making moves up over the 50RL now. The red volume spike at the depths of the sell-off signals bottoming behavior.
Nota
Longer and shorter term Bullish Divs on the %b
Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.