Disclosure: I just entered a long LTC/USD position (target about $250 and SL $203)
The first chart is a 4-hour chart and the second one is a 1-hour chart.
I think wave 4 is over (with 62% retracement).
We are probably in wave 5 which is composed of a 1, 2, 3, 4, 5 wave with a target at around $250 for wave 3.
The green trend line was broken which is bullish.
The MACD has crossed up and the RSI is showing positive signs.
Legal Disclaimer: I am not a financial advisor. This article is only meant for use as informative or entertainment purposes. It is not a recommendation to buy or sell anything.
