My attempt at understanding LTC!

Man am I new to this, let me first start off by saying I am still very much a rookie at this. So from what I've outlined I think what i see here is a WXY correction pattern that has formed which is now proceeding into what could be the first wave attempt to push up. My biggest question (forgive my ignorance), but can you get a triangle correction (ABCDE) at the end of an ABC, which then becomes an X failed attempt? Forgive me if I'm not making sense. Be gentle :).
LTCUSDWave Analysis

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