$LTC USD Elliott wave analysis, bullish scenario soon the pump

10 de ago. de 2019

I consider here a bullish scenario, the flat correction ABC is arriving to an end, target in red on the chart. The target I consider more probable is the 85.4 of wave 1 , that would almost exactly C as the 123.6 of wave A. It should be followed by a wave 3 upward. Invalidation of the scenario it goes under the 1.3 of wave A. If the scenario is invalidated it means we are in a more complex correction that will be studied after.Please note that a retracement of 85.4 for a wave 2 is very deep and not common, but I still give it a chance until invalidated.
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