LTC looking like it`s about to blow out into a 3rd wave after the correction! So far, this potential wave 2 retraced 61.8% of wave 1; however, I still think we have one more leg down before moving to the first target at $284.
I think there is a very good probability that LTC will hit this $285 mark. We need a little bit more data to see if it will reach the $400 mark since this could just be a 3 wave correction, then a further downtrend.
Ladder Entries: $170 $155 $145
Average price of entry = $157 Stop Loss = $135 TP1 = $280 TP2 = $390
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We got down to that last zone to complete the 5th, however, we ended up turning over and forming a more complex correction