LTC/USD appears to be in its 5th wave of the highest degree, which appears to be forming an ending diagonal, within which we are currently in the wave C of Y of the 3rd wave
From a PA point of view it is currently experiencing strong supply/resistance around the $172 - $184 zone, it has rebounded off the zone twice, thus forming a sort of retracement, if the zone is eventually broken, the next target would be the zone around the $208 price mark. which confluences with the 261.8% fibbonacci projetion of the wave A of Y of the 3rd wave.
From a PA point of view it is currently experiencing strong supply/resistance around the $172 - $184 zone, it has rebounded off the zone twice, thus forming a sort of retracement, if the zone is eventually broken, the next target would be the zone around the $208 price mark. which confluences with the 261.8% fibbonacci projetion of the wave A of Y of the 3rd wave.
