LTC - Can I get a C Wave?
Updated
LTCUSD had a 5 wave downtrend wave and has completed A & B Corrective Waves. Well we did not hold my stop-loss from my last post (Linked) so
LTCUSD still wanted to correct. I am looking for an ending C wave target I calculated from Wave A & B at the Fibonacci Level of 1, 1.236, and 1.382, and 1.618 (as shown).
The C wave will be the beginning of a new 5 Wave sequence and C will then become Wave 1.
That is scenario #1
We could continue to slide towards the "Dead Zone" which is from the Top of Wave 1 of the 5 Wave sequence when we reached all-time highs.
I have put a stop on the chart just in case this happens.
Cheers,
-AB
Note
Thump, Thump, Thump....
Here comes the "Dead Zone".
Trade closed: stop reached
Note
BUY BUY BUY
Trade closed: target reached
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