Well LTC has finally broken out of the correction trend (2nd Elliot Wave) after reaching its ATH.
Looks like we're seeing the beginning of an Elliot Wave 3 run.
Elliot Wave 3 are usually the longest and fastest moving waves in the pattern. If not the longest, it is never the shortest, so we could easily see this next long run peaking anywhere between $450-$600 USD (or higher) before the Wave 4 correction wave.
Remember there are 5 waves in an elliot wave. In this bullish pattern that is 3 bull runs and two corrections. So now we wait to see how this pans out.
good luck out there.
Looks like we're seeing the beginning of an Elliot Wave 3 run.
Elliot Wave 3 are usually the longest and fastest moving waves in the pattern. If not the longest, it is never the shortest, so we could easily see this next long run peaking anywhere between $450-$600 USD (or higher) before the Wave 4 correction wave.
Remember there are 5 waves in an elliot wave. In this bullish pattern that is 3 bull runs and two corrections. So now we wait to see how this pans out.
good luck out there.