$LTCBTC Running Flat Correction Wave 2 of Supercycle
$LTC has been exhibiting a strange structure over the last few months. There is now enough data to make an educated guess as to what is going on with the ratio.
The key puzzle pieces to this prediction are:
1) We are seeing a corrective combination joined by an ABC. You can see that the recent big bounce was not in 5 waves, but rather 3.
2) The recent bounce made a perfect 1.236 extension of Wave A for Wave B. This is the requirement for a running flat.
3) The recent down leg came down in a 5 wave impulse, which will terminate at the 0.618 extension of Wave AB to C. This is the final requirement for the completion of this pattern.
4) Many believe LTC will appreciate in value to 0.25 of BTC at steady state, meaning it should appreciate over time.
Important points to note:
Wave C can terminate as low as 1.0 of Wave AB.
The key puzzle pieces to this prediction are:
1) We are seeing a corrective combination joined by an ABC. You can see that the recent big bounce was not in 5 waves, but rather 3.
2) The recent bounce made a perfect 1.236 extension of Wave A for Wave B. This is the requirement for a running flat.
3) The recent down leg came down in a 5 wave impulse, which will terminate at the 0.618 extension of Wave AB to C. This is the final requirement for the completion of this pattern.
4) Many believe LTC will appreciate in value to 0.25 of BTC at steady state, meaning it should appreciate over time.
Important points to note:
Wave C can terminate as low as 1.0 of Wave AB.