LTCUSD Update.
continuing the analysis, I expect a further rise. It can be seen that we are walking in the second ascending part of a triple ascending wave sequence. It can also be seen that the rise is of a momentum nature, so I do not see a short entry at these levels as a realistic decision. The size of the second wave sequence may be the same as the size of the first wave. This means. that the next level at which I expect a correction move is 267.15usd. It can also be considered a target price. At this level, I expect a correction up to 237.55usd, according to the wave sequence calculations. I then expect a third, shorter rising wave sequence with a target price of 311.79usd.
