Seeing Irregular/Expanded Flat fractals in the corrective structures of LTC.
The top of the 1st wave is roughly $106, so the 5th of the C of this macro A shouldn't exceed that low. IMO LTC is nearing a bottom. Look at the %b for confirmation here. It is interesting that a very large Irregular Top B could arise here, especially in light of the massive correction I think is incoming for BTC. It may end up amplifying the 5th of this C, and cause it to bottom near $106. Overall though, this corrective structure is exceedingly long, and I think will last until June at least.
The top of the 1st wave is roughly $106, so the 5th of the C of this macro A shouldn't exceed that low. IMO LTC is nearing a bottom. Look at the %b for confirmation here. It is interesting that a very large Irregular Top B could arise here, especially in light of the massive correction I think is incoming for BTC. It may end up amplifying the 5th of this C, and cause it to bottom near $106. Overall though, this corrective structure is exceedingly long, and I think will last until June at least.
Note
It's possible we see something like this over the next few months:Note
Looks to be reaching the bottom of the 5th. Hit mighty close to that $98 level, and briefly broke the bottom of the CC. I would expect LTC to start making moves up over the 50RL now. The red volume spike at the depths of the sell-off signals bottoming behavior.
Note
Longer and shorter term Bullish Divs on the %b
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.