LTC 25% Profits ... Take it or Leave it!
Updated
This is an easy one. Symmetrical triangle targets a 25% gain. Combine this with LTCs current Impulse Elliot Wave trending bullish. Stop loss @ $200. Target 1 @ $250, Target 2 @ $265 and target 3 @ $275
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LTC price action has proceeded through the Apex of the symmetrical triangle. LTC on the daily chart has entered Wave 3 and looks like it will be an extended Wave 3 through the Apex and Impulse north.Trade closed manually
Close trade. Wave 2 closed earlier and sharper than analysis indicated and was 4 traded longer and side ways. Wave 5 which LTC is in now is current in decline. Expect the price action to stabilize between or near $188-$180 forming a larger symmetrical triangle or a descending triangle before trending bullish.
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