It appears we are headed to the upper end of the D2 Wedge.
The overall size and length of the D2 wedge can/will be modified as the market progresses organically, but the general timeline and overall ranges can help with getting an idea of what appears to be going on with LTC, based on past patterns (outlined in this chart). I had been calling 153 the potential bottom for 1-2 weeks, but I wasn't taking into consideration...
We are currently in the C2 triangle, and after maybe 1 (+/-) more swing up to the trend line or $185 range, Then we "could" see the drop into the D2 triangle or .786 FIB line). Note: that time frames in triangles can be increased or decreased depending on what is going on at that time....but the high/low trends are obviously set until broken, so trade...
This is just a pattern that may be forming or has formed. The accuracy of which, we will see.