Technical Analysis:
- LTC broke through the channel and retraced all the way down to wave 1 territory
- This is a healthy correction
- Sub waves in the primary wave 3 have been confirmed
- Channel has been invalidated, although nothing has changed with the overall count or projections
- Next target up is $180 in the short term (days)
- There will be resistance at $170 considering it failed to break through during the last wave up
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LEGAL DISCLAIMER:
I am not a financial advisor, nor is this intended to be financial advise. I encourage you to do your own research considering this blog is a way for me to document my own personal analysis, charts, trading decisions, and experiences.