LTC - The End of the Endless Corrections
Updated
LTCUSD looks to be ready to move forward. We have been going through multiple sets of corrections.
As you can see, I have put a stop-loss and a target for my analysis.
Please see the link to my last post for further information.
We have a large falling wedge formation, a reflex point, and a retracement that did not go beyond 100% of the reflex's right point. If we do not hold the red line then we will see another ABC correction wave.
I will keep you updated.
Cheers,
-AB
Note
Stop-loss hit.
Scenario 2 came in play: Correction
Trade closed: stop reached
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