Wave ((1)) a leading diagonal.
Below 105.72 we are allowing wave ((2)) to unfold.
Possible target 0.5 - 0.618 retracement area.
Below 105.72 we are allowing wave ((2)) to unfold.
Possible target 0.5 - 0.618 retracement area.
Note
As the price has not even hit 0.382 fib retracement We may see a rally to the upside into 0.5 fib retracement of the W wave to complete the X wave with a flat.
Clearing 98.25 may turn the price to the upside.
Note
Above 76.97 and clearing 91.22 we are looking to the upside for wave ((3)) of 3
Note
Above 76.97 we will focus to the upside for wave ((3)) looking for price to aim for the 1.618 projection multiple between waves ((3)) and ((1)).
Note
The strength over the last few days adds credence to the bullish scenario, and suggests LTC is subdividing upper in wave ((3)) of 3.
Note
Watching for evidences wave (2) finished 93.38.
Above 93.38 and clearing 104.29 we are looking to the upside for wave (3)
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.