My theory is ltc is in an abcde correction currently on the last leg down (E) and according to Elliot wave theory e wave can be equal to c or d and but wave E also can only retrace 61.8 or 78.6 percent of wave c or d according to Fibonacci levels so if that is so we could possibly see somewhere between 94-105 area of it goes 100% of wave c or d then we could possibly go under 80. I sold 2/3 of my positions yesterday still holding a 1/3 at an average of 114$ I have buy orders at 94$ and 80$ not financial advice i think this drop will be fast like the previous drop to 80 .
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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.