LTC expected to terminate the wave C of ABC correction at $105 and/or max $90 , Which would be great entry for the long trade on next impulsive wave to new highs. Plz note the chart indications and targets ( $450 & $544 ). Wave C expected to terminate by the end of this month or 1st week of Feb . Chart and levels are Bitstamp !
Will be very interesting to see if your are correct. I believe the "C" retracement to $105 is likely too low but let's see. I hope you're right as I will be buying.
edwardcryptoamos
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@Pinarello1967, Even though last low well qualifies for end of wave C, being 127% extension of prior up swing, but levels on this TA are max C correction, won't heart to take a small position and just add more if this scenario comes in play, That is what I did !
CryptoTaxAttorney
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@PAHMAD1339, Thanks. I looked at the LTC_USD chart and a good argument could be made that LTC has already completed its ABC retracement and we are in a consolidation phase. The other data point to consider is if the fundamentals change for the positive (i.e., any news comes out in the near term about use of LTC as a payment channel). Watching carefully .