LTC just completed an 3-3-5 flat correction where the correction process actually brought a new high! However, the correction process is now over and the all time high is about to be broken again. In fact, LTC just finished subwaves 1 and 2, and is about to undergo subwave 3, which is usually the strongest subwave. The volume confirms our wave count since there was high volume during the pump, indicating lots of buying pressure, and low volume during the correction, indicating little selling presssure.
If we ignore the short term price fluctuations, we see that LTC is just starting intermediate wave 3. According to a 1 to 1 Extension of wave 1, we get a conservative long term target of 550! And that's without wave 5! With wave 5, we could see prices of 800 or more!!
If we ignore the short term price fluctuations, we see that LTC is just starting intermediate wave 3. According to a 1 to 1 Extension of wave 1, we get a conservative long term target of 550! And that's without wave 5! With wave 5, we could see prices of 800 or more!!