The price of the LTCUSD cryptocurrency pair hit the gold trend line impulsively and made a new local peak at $ 251.90. From there, the first correctional wave A was made, followed by the formation of the triangle B. Therefore, it was left to wait for the next, probably the last inheritance wave C, which should also develop in an impulsive way. The target level for the C wave is 61% Fibo at $ 160.65.
The next big wave rise wave is the C wave, for which the range is set at the level of $ 300 - $ 304. After reaching this level, a large B wave correction cycle will be terminated.