As mention previously, it appears that LTC is leader in this bull market. I've also noted that we've made a 3rd wave up, which hit a 1.618 fib extension.
We have one leg up to 65 or possibly 67, then I would expect a 4th wave down to $51. Now, if we can hold above 51, the .382 fib level and this channel, there is a high probability we can see a fifth wave going up.
Another thing to keep in mind, if we do see the 55 ema (green) crossing above the 200 ema(white), my first ASSUMPTION is that this may be an indication of the end of the bear market.
We have one leg up to 65 or possibly 67, then I would expect a 4th wave down to $51. Now, if we can hold above 51, the .382 fib level and this channel, there is a high probability we can see a fifth wave going up.
Another thing to keep in mind, if we do see the 55 ema (green) crossing above the 200 ema(white), my first ASSUMPTION is that this may be an indication of the end of the bear market.