TheKingOfAces

TheKingOfAces Updated 

LTC was on a triangle pattern after hitting the ATH. It seems to had broken out of this pattern and now heading down to $56's level, before taking another try at the ATH.

TheKingOfAces

LTC is forming a rising pattern at the moment we are on our way down to touch the bottom trend line of the of this rising wedge. The level I expect LTC to touch is between $55 and $56 before giving us another nice run up. The next bull run looks to be the 5 and final wave, which might be an extended wave 5 bringing the price very close to the $75. Because this is...

TheKingOfAces Updated 

We are done with the extended wave 5 and we should be moving down now to the .618 fib retracement level around $51.

TheKingOfAces Updated 

We are now in the early stage of a correction down to the .618 fib retracement which should land us right around $48.50's. This is just a correction of the last run from the $41. What this means as that we are still on an uptrend, but first LTC needs to consolidate before the next run up to the $70's

TheKingOfAces Updated 

Short term we will most likely see LTC hit around $58 to $59 and finish the last wave of this run up from the $41's. I believe we will then see a correction back down to the $47's before a move back to the $70's