LTC: Short Term Target $235 Completed / Re-entry at $180-190

Observations

• Clearly broke out and confirmed its impulse wave up.
  
• Currently finished Wave 3 and looking to correct during Wave 4.
  
• Per Elliott Wave Theory, if 2nd wave retracement is minimal, then 4th wave retracement will be much larger.
  
• In this scenario, the 2nd wave retraced to 0.382 fib. As such, we expect 4th wave retracement to be as much as 0.618 fib.
  
• Keep an eye and look for a possible entry point between $180-$190 range. Stack your buys to minimize risk and set a stop loss.
  

Disclaimer
For informational purposes only and not deemed as financial advice

Kommentar:

Looks like it is about to finish its correction Wave 4. I would look to possibly enter around $190-$200. This coin is quite bullish at the moment and does not want to retrace too much!