Why people get excited about LTC's bear rally?
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Just take a look at the chart, price has been trading in a nice (bear) flag. It would have to break it to the upside with an impulse to change the current outlook which is fully bearish.
Once it breaks down the flag, the final wave will get triggered. Since it tapped 1.886 on w3, w5 is expected below 2.618. Last chance for the bulls in that case would be holding major 0.886 as last bastallion. If thats lost, flush!
Also PA in 2019-2021 has been 3 wave corrective, so this final 5 wave leg down should end around major 1.272 - which is in range of local 2.618 (mentioned above)
Never forget: If it looks like a flag, it usually is one!
Hold my beer pls
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No financial advice, do your own research, don't be stupid
Kommentar
for now just a flag in a flag, fail here and die hard s3.tradingview.com/snapshots/z/ZnPxuYqH.pngKommentar
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